Calculator built-in function and mathematical formula

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Reference no: EM131831454

1. $500 is deposited in an account each month from 2015 to 2016, inclusive, at a discount rate of 6% per annum. How much is in the account on December 31,2016 using both calculator built-in function and mathematical formula.

2. Starlight, Inc., has 6 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 10 percent, the current bond price is $______________.

Reference no: EM131831454

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