1. Suppose a loan was made 5 years ago for $80,000 with interest 10% and 20 years term of maturity. Payments on the loan are $772.02 per month. Suppose now the interest rate is 15% annual, what is the market value of the loan for the remaining 15 years?
2. Ashes Divide Corporation has bonds on the market with 18 years to maturity, a YTM of 6.4 percent, and a current price of $1,246.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
3. An investment offers to triple your money in 24 months (don’t believe it). What rate per six months are you being offered ?
(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places).
Rate ___%