1. Select seven ratios to use at year-end and describe what each ratio is used for.
What is the future value of $700 deposited for one year earning an interest rate of 10 percent per year? (Do not round intermediate calculations. Enter your answer as a whole number.)
2. A $20,000 bond with the coupon rate of 6.5% has monthly payments. There are 7 years remaining until maturity.
A) What would the present value of this bond be if the nominal interest rate was currently at 4.5%
B) What if the nominal interest rate is at 8.5%?