1. A 7.0%, 4-year ordinary annuity pays $280.00 each year. What is the future value of the annuity?
2. What are internal controls? What responsibility does a company have related to internal controls?
3. What is a junk bond and why are they issued?
4. The local bank offers a fixed rate, constant payment amortizing loan of $100,000 with a 5.00% interest rate, 15-year amortization period and 5-year term. What is the monthly payment?