1. Present Value. What is the present value of $313 to be received 12 years from now at a 8 percent discount rate?
2. "Mortgages.(Hint: PV is the value of the loan) What is the house cost on a 20 percent down mortgage with payments of $3,768.91 per month for 22 years at 7 percent interest?"
3. Bond (RATE). What is the yield to maturity of a $1000 par value bond with a 8.5 % annual coupon and 21 years to maturity and a 1032 price?