1) Tianyuan recieves a normal annuity of $1000 paid quarterly for 10 years (interest rate is 8%) what is the present value of the annuity?
2) Joshua deposits 1000 into a bank. on year later, he deposits 3000, and 2 years after that, 8000. if the bank pays 4% interest annualy, what will josh's bank balance be 5 years after the original deposit was made?
3) What is the price of a 3 year 5% yearly coupon bond if the required rate of return is 2.15% and the coupons are paid semiannually