1. You are saving money for a new car. If you deposit $150 a month for the next 24 months into an account that has an APR of 2% with monthly compounding, how much will you have for the down payment at the end of the 2 years?
2. Please discuss the IPO process in the USA. Then, identify and discuss the critical events, points-in-time, for an IPO.
3. A bank has issued a six-month, $1,990,312 million negotiable CD with a 0.95 percent quoted annual interest rate. What is the bond equivalent yield in percent?