What annual compound interest rate is required for a 10946


1. What annual compound interest rate is required for a $10946 investment to grow into $39087 in 14 years if interest is compounded monthly?

2. Six years ago Atlanta Regional Polo Club issued 20 year semi-annual coupon bonds at a coupon rate of 6.80 percent. If the YTM is 5.9% on these bonds what is the current bond price?

3. If the Treasury department issues 5 year zero discount notes, what would you be willing to pay today to reserve the note if your investment opportunity cost is 3.5%?

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Financial Management: What annual compound interest rate is required for a 10946
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