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Assume you work for an employer who will contribute $60 a week for the next 20 years into a retirement plan for your benefit. At a discount rate of 9 percent, what is this employee benefit worth to you today?

What is the effective annual rate for an APR of 9.80 percent compounded quarterly?

There are zero coupon bonds outstanding that have a YTM of 6.33 percent and mature in 13 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?

Finn intends to save $2,000 per year, and expects to earn an annual rate of 6.9 percent. How much will he have in his account at the end of 37 years?

A prominent alumnus of your university has just donated $2,400,000 to fund a scholarship that will distribute $92,000 per year forever beginning in one year. For this to be true, what rate of return is expected on the donation?

Shares of common stock of the Samson Company offer an expected total return of 12.20 percent. The dividend is increasing at a constant 7.00 percent per year. The dividend yield must be:

Two annuities have equal present values and an applicable discount rate of 7.25 percent. One annuity pays $2,500 on the first day of each year for 15 years. How much does the second annuity pay each year for 15 years if it pays at the end of each year?

Grace is retiring today and has $300,000 in her retirement savings. She expects to earn 8.5 percent per year compounded monthly. How much can she withdraw from her retirement savings each month if she plans to spend her last penny 17 years from now?

Your grandparents would like to establish a trust fund that will pay you and your heirs $140,000 per year forever with the first payment 13 years from today. If the trust fund earns an annual return of 2.7 percent, how much must your grandparents deposit today?

A bond that pays interest semiannually has a price of $981.73 and a semiannual coupon payment of $27.75. If the par value is $1,000, what is the current yield?