How much must you deposit next year to reach goal

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1. Your firm is issuing 22-year zero coupon bonds with a 5% yield and pays annually. The goal is to raise $5,000,000. What is your company’s total repayment 22 years from now?

14,626.30

14,626,303.60

341.85

14,627,000.00

None of the above.

2. You can earn 15% compounded quarterly and you need to have $100,000 in 20 years.  How much must you deposit next year to reach goal?

6,094.02

1,640,952.50

7,026.53

6,110.03

None of the above.

Reference no: EM132047830

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