Question

You will receive $3,000 a year, for fifteen years at an opportunity cost of 6%. What...

You will receive $3,000 a year, for fifteen years at an opportunity cost of 6%. What is the PVAF?

Denise has her heart set on being a millionaire. She decides that at the end of every year she will put away $8,000 into her “I want to be a millionaire account” at he local bank. She expects to earn 6% annually on her account. How many years must Denise faithfully put away her money to succeed at becoming a millionaire?

The Canadian government has once again decided to issue a consol (a bond with a never-ending interest payment and no maturity date). The bond will pay $60 in interest each year but it will never return the principal. The current discount rate for the Canadian Government bonds is 3.7%. What should this consol bond sell for in the market?

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SOLVED WITH BA II PLUS CALCULATOR

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