1. Discuss what you believe are the most significant challenges facing a CURRENT U.S. stock market investor.
2. Please describe the for calibration test and discuss the importance of a sample calibration test).
3. A loan of $125,000 is repaid by equal installments at the end of each month, for 20 years. Given that the nominal annual rate of interest, convertible semiannually, is 7%, compute the amount of monthly installment.