President Joe Biden signed the $1. 9 trillion. stimulus into law. Eligible individuals would receive $1,400 plus a $1,400 bonus for each dependent. Sammy Bailey needed funds prior to mid - March when the stimulus checks were to be funded and decided to look into discounting his 12-month $ 3,500 @ 5.75% simple discount note to his bank for an 8.5% discount. What was the maturity value for Sammy's note?

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A: Net present value (NPV): Net present value is defined as the summation of the present value of cash…

Q: et's say you are going to retire at age 65. You will begin collecting checks from an annuity…

A: Annual payment=$4153.89Interest rate=r=6%Number of payment=36

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Q: $5,000 deposit, the bank will pay $400 every year in the rate of return of this investment)?

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Q: 15, Lizabeth Neault needed funds to open a law office. She borrowed $28,400 at 8.5% simple interest…

A: Simple interest refers to the net amount of interest paid by the borrower to the lender on the…

Q: Asif received a bonus of $10 000, which he immediately invested in a fund earning 9.25% compounded…

A: Future value of the amount is the amount of deposit done and amount of interest accumulated over the…

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A: Present Value of annuity = Annual payments * PVAF(rate, number of years) Present Value = Future…

Q: anice Dart signed a 140-day simple discount note at a rate of 9.9% with a maturity value of $82,000.…

A: calculation of Discount on original Note = Maturity value x Interest rate x (No.of days/365) =…

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A: We need to use excel PV function to calculate price of note. The formula is =-PV(RATE,NPER,PMT,FV)…

Q: 44. A recent college graduate begins a savings plan at age 27 by investing $400 at the end of each…

A: Solution: (a) First we will consider the regular withdrawals for the last 25 years. For this, we…

Q: 3. Give your answers to parts (a) to (e) to the nearest dollar. On Jake's 16th birthday his parents…

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A: because you have posted multiple questions we will answer the first question Only, for the remaining…

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A: Future value of money is the amount of deposit done and amount of compounded interest accumulated…

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A: Present value can be defined as how much is the worth of the future sum of money at present provided…

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A: Present value of an annuity computes the discounted value of the future cash flows.

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A: PV of annuity  = P*{1-{1/[(1+r)^n]}/r} r = 8% n = 20 years P = $50,000

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Treasury Market

On-the-run securities are the most recently issued securities in the market depth and are therefore traded at some premium. The off-the-run securities are the ones issued just before the most recent ones. The on-the-run securities have a lower yield to the investor than the off-the-run securities.