1. You have a trust fund that tides you over the next 20 years. 702,000 will be depositied in the acount and you can withdraw 2000 each month for the 20 year period.At the end of the 20 years, you get no more money and the rest is gone. The account earns 7.3% per year coupounded monthlly, how much will be gone 20 years from now.
2. Assume that the spot rate of the singaproe dollar is $.664. The ADR of a Singapore firm is convertibe into 3 shares of stock. The price of an ADRis $20. What is the share price of the firm in Singapore dollars?