You have just leased a car that has monthly payments of $315 for the next 3 years with the first payment due today. If the APR is 5.64 percent compounded monthly, what is the value of the payments today?

A student organization plans to invest annual payments of $60,000, $70,000, $75,000, and $50,000, respectively, over the next four years. The first payment will be invested one year from today. Assuming the investment earns 5.5 percent annually, how much will the organization have available four years from now?

As a bond’s time to maturity increases, the bond’s sensitivity to interest rate risk:

Kasey Corporation has a bond outstanding with a coupon rate of 5.92 percent and semiannual payments. The bond has a yield to maturity of 4.9 percent, a par value of $2,000, and matures in 21 years. What is the quoted price of the bond?

Carson expects to invest $50,000 at the end of Year 1, $28,000 at the end of Year 2, and $12,000 at the end of Year 3. If he can earn an average annual return of 10.5 percent, how much will he have saved in this account by the end of Year 25?

A firm has inventory of $29,406, accounts receivable of $46,215, net working capital of $4,507, and accounts payable of $48,919. What is the quick ratio?

Gugenheim, Incorporated, has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The yield to maturity is 7 percent and the bond matures in 14 years. What is the market price if the bond has a par value of $2,000?

Ghost Riders Company has an EPS of $1.47 that is expected to grow at 6.7 percent per year. If the PE ratio is 17.35 times, what is the projected stock price in 6 years?

Your crazy uncle left you a trust that will pay you $28,000 per year for the next 22 years with the first payment received one year from today. If the appropriate interest rate is 6.1 percent, what is the value of the payments today?

Stephanie is going to contribute $160 on the first of each month, starting today, to her retirement account. Her employer will provide a match of 50 percent. In other words, her employer will add $80 to the amount Stephanie saves. If both Stephanie and her employer continue to do this and she can earn a monthly interest rate of .45 percent, how much will she have in her retirement account 35 years from now?