Homework Answers
| PV at issuance | |
| PV | $100,000.00 |
| N | 20 |
| I | 2.50% |
| PMT | 2500 |
| FV | 100000 |
| Q1 | |
| PV | $85,787.60 |
| N | 20 |
| I | 3.50% |
| PMT | 2500 |
| FV | 100000 |
| Q2 | |
| PV | $117,168.64 |
| N | 20 |
| I | 1.50% |
| PMT | 2500 |
| FV | 100000 |
Workings
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