If you invest $1,000 annually for 10 years earning 7% per year, calculate the amount of money that you will have. 

Explain DSU. 

Your goal is to accumulate $1,000,000 when you retire, which is forty years from now.  If you can earn 8% per year on your investment, what is your annual contribution in equal amount? 

Your goal is to accumulate $1,000,000 when you retire, which is forty years from now.  If you can earn 8% per year on your investment, what is your annual contribution in equal amount? 

Discuss one similarity and one difference between a banker’s acceptance and a negotiable certificate of deposit. 

A resident of Mississippi who is in a 30% tax bracket is provided with the rate of return on the following two investments: 30-year AA corporate bond = 6% 30-year AA bond issued by Oktibbeha County in the state of Mississippi = 5% Which investment is better?  Explain. 

A resident of Mississippi who is in a 30% tax bracket is provided with the rate of return on the following two investments: 30-year AA corporate bond = 6% 30-year AA bond issued by Oktibbeha County in the state of Mississippi = 5% Which investment is better?  Explain. 

If you invest $1,000 for 10 years earning 7% per year, calculate the amount of money that you will have. 

If you invest $1,000 for 10 years earning 7% per year, calculate the amount of money that you will have. 

Company X has a bond outstanding with four years to maturity and an annual coupon rate of 4%.  If the yield to maturity (market rate of interest) is 3%, what is the price of the bond?  The face value of the bond is $1,000.