Posted by Dee Dee on Saturday, June 17, 2006 at 9:56am.
(A.)1. 5%: Bond L: Input N = 15, I/YR = 5, PMT = 100, FV = 1000, PV = ?, PV = $1,518.98.
Bond S: Change N = 1, PV = ? PV = $1,047.62.
2. 8%: Bond L: From Bond S inputs, change N = 15 and I/YR = 8, PV = ?, PV = $1,171.19.
Bond S: Change N = 1, PV = ? PV = $1,018.52.
3. 12%: Bond L: From Bond S inputs, change N = 15 and I/YR = 12, PV = ? PV = $863.78.
Bond S: Change N = 1, PV = ? PV = $982.14.
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