- Q2 A Bond Has A Maturity Value Of Student No 200 And Is Paying Discrete Compound Interest At An Effective Month 1 (63.04 KiB) Viewed 13 times
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Q2: A bond has a maturity value of ( student no. $200 ) and is paying discrete ) compound interest at an effective monthly rate of 3 percent. Determine the following at a time five years before the bond reaches maturity value: (a) Discrete single-payment present worth factor. (b) Present worth. (c) Discount. (d) Discrete compound rate of effective interest which will be received by a purchaser if the bond were obtained for $700. (e) Repeat part (a) for the case where the nominal bond interest is 3 percent compounded continuously. ( 10 degrees