What amount will swifty receive when it issues the bonds

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Q1. Swifty Inc. issues $2,012,900 of 9% bonds due in 14 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 10%. What amount will Swifty receive when it issues the bonds?

Q2. Pearl Alvarez is investing $316,300 in a fund that earns 15% interest compounded annually. What equal amounts can Pearl withdraw at the end of each of the next 19 years?

Q3. Henry Madison needs $252,800 in 10 years. How much must he invest at the end of each year, at 4% interest, to meet his needs?

Reference no: EM132170934

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