business math

What is the present value of a perpetuity of $900 payable at the end of each quarter if money is worth 18% compounded quarterly?

business

A company can borrow $100,000 at 10% compounded annually for 10 years. To repay the debt at the end of 10 years, a sinking fund is to be set up at 9% compounded annually. Another lender will provide the money at 9 1/2% compounded annually and permit the loan to be amortized by 10 equal annual payments. Which plan would you choose for the company? SHOW ALL CALCULATIONS!

A $1000, 8 1/2% K.C.G Electric bond is redeemable on March 1, 2010.

A $1000, 8 1/2% K.C.G Electric bond is redeemable on March 1, 2010. Interest is payable on March 1 and September 1. Determine the purchase price if it is bought on March 1, 2000 to yield 8% compounded semi-annually. (show all work)

A man borrows $30,000 to purchase a car.

A man borrows $30,000 to purchase a car. He agrees to pay $1000 per month. If the interest rate is 12% compounded monthly. a. How many regular payments of $1000 is necessary to pay off the loan? b. What is the size of the last payment? (show all your work)

business math

A house worth $70,000 is purchased with a down payment of $20,000 and a mortgage amortized over 20 years. If the interest rate is 14% compounded semi- annually; a. Determine the size of each monthly payment. b. How much of the 60th payment goes to interest and how much to principal repayment? c. Determine the outstanding principal at the end of the 5 year term. d. What is the remaining amortization period on this mortgage? e. If the mortgage is renewed at the end of the first term for another 5 year term at 8% compounded semi-annually, how much are the new monthly payments?