1. Your parents promise to give you $94 a month for 3 years starting at the end of this month to help you out. At a 6.02 percent APR discount rate, what are these payments worth to you right now?
2. Todd is able to pay $110 a month for 6 years for a car. If the interest rate is 6.75 percent APR. How much can Todd afford to borrow to buy a car?
3. A 05.80% coupon, 3-year annual bond is priced at $880. What is the current yield for this bond?
4. What is the price of a $1,000 par value, semi-annual coupon bond with 22 years to maturity, a coupon rate of 09.70% and a yield-to-maturity of 03.60%?