The future value of $970 ten years from now at 8 percent? The future value of $8

Question

The future value of $970 ten years from now at 8 percent?
The future value of $850 saved each year for 10 years at 8 percent?
The amount a person would have to deposit today (present value) at a 8 percent interest rate to have $2480 ten years from now?
The amount a person would have to deposit today to be able to take out $2330 a year for 10 years from an account earning 8 percent?
Determine the current yield on a corporate bond investment that has a face value of $6000, pays 4 percent interest, and has a current price of $5860? The future value of $970 ten years from now at 8 percent?
The future value of $850 saved each year for 10 years at 8 percent?
The amount a person would have to deposit today (present value) at a 8 percent interest rate to have $2480 ten years from now?
The amount a person would have to deposit today to be able to take out $2330 a year for 10 years from an account earning 8 percent?
Determine the current yield on a corporate bond investment that has a face value of $6000, pays 4 percent interest, and has a current price of $5860?
The future value of $850 saved each year for 10 years at 8 percent?
The amount a person would have to deposit today (present value) at a 8 percent interest rate to have $2480 ten years from now?
The amount a person would have to deposit today to be able to take out $2330 a year for 10 years from an account earning 8 percent?
Determine the current yield on a corporate bond investment that has a face value of $6000, pays 4 percent interest, and has a current price of $5860?

Explanation / Answer

Current Yield = Annual Interest Payment / Current Market Price Annual Interest = 6000 X 4% = 240 = $240 / $5860 = 0.040956 = 4%

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