Finance Assignment | Professional Writing
May 27th, 2020
11.76% Question 14 5 pts Joseph Ray just received an Inheritance of $50,000 from his great aunt. He plans to invest the funds for retirement. If Joseph can earn 6% per year with quarterly compounding for 30 years, how much will he have accumulated? (Round off to the nearest dollar.) $269,113 $284,622 $298,466 $271,550
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Question 15 5 pts Dynamo Corporation has semiannual bonds outstanding with 12 years to maturity, and the bonds are currently priced at $1,080.29. If the bonds have a coupon rate of 8 percent, then what is the equivalent annual return (EAR) to the Investor for purchasing the bonds at the described price? Round your final percentage answer to two decimal places. 7.00% 712%
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