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What is the value of this annuity today of the discount rate

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2. (Do it on Financial Calculator)You buy an annuity that will pay you $24,000 a year for 25 years. The payments are paid on the first day of each year. What is the value of this annuity today of the discount rate is 8.5 percent? 3. (Do it on Financial Calculator) Global comunications has a 7 percent, semiannual coupon bond outstanding with a current market price of $1023.46. The bond has a par value of $1,000 and a yield to maturity of 6.2 percent. How many years is it until this bond matures?

Reference no: EM13695403

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