4. You have decided to buy perpetuity. The bond makes one payment at the end of every year forever and has an interest rate of 5%. If you initially put $1000 into the bond, what is the payment every...
3. Your grandfather has been putting $1000 into a saving account on every birthday since your first. The account pays an interest rate of 3%. How much money will be in the account on your 18th...
2. Marian Plunket owns her own business and is considering an investment. If she undertakes the investment, it will pay $4000 at the end of each of the next three years. The opportunity requires an...