1. An investor made an initial deposit of $2,000 and quarterly deposits of $1,600. The balance at the end of 42 years is $1,800,000. What is the nominal interest rate on this investment (APR)? what is the Effective annual rate?
2. Explain the easiest way to create credit risk algorithm to sort a list of loan applicants?
3. What is the value of a 10-year, $1000 par value bond with a 10%annual coupon if its required return if 10%?