please do 4.23!!! with notes in how to input this into tibaII calculator. ...
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please do 4.23!!! with notes in how to input this into tibaII calculator.
Allison's Plan Joshua's Plan - 40,000 -60,000 Initial cost, $ Monthly M&O costs, $ per month Semiannual M&O cost, $ per 6-month Salvage value, $ --5,000 10,000 - 13,000 8,000 5 Life, years 5 ~4.23 What is the present worth of a $40,000 bond that has a bond interest rate of 6% per year, payable semiannually? The bond matures in 20 years. The interest rate in the marketplace is 8% per year compounded semiannually. 4.24 The present worth of a $10,000 municipal bond due 6 years from now is $11,000. If the bond in- terest is payable quarterly and the interest rate used in discounting the cash flow is 8% per year
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