The following table lists several corporate bonds issued during a particular quarter. Bank of America General Electric Goldman Wells Company AT&T Verizon Sachs Fargo Time to Source: Financial Industry Regulatory Authority (www.finra.org) 7 (years) Annual 2.40 3.00 5.25 5.15 4.15 3.50 Rate (%) If the General Electric bonds you purchased had paid you a total of $8,840 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.) $

The following table lists several corporate bonds issued during the second quarter of 2015. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 8 7 Annual 3.40 4.00 5.25 6.15 5.15 3.50 Rate (%) If you spent $30,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ How much interest would you earn over the life of the bonds?

Please type it out

The following table lists several corporate bonds issued during the second quarter of 2015. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 3 8 7 Annual 3.40 4.00 5.25 6.15 5.15 3.50 Rate (%) If you spent $20,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ How much interest would you earn over the life of the bonds? $ %24

A local Dunkin’ Donuts franchise must buy a new piece of equipment in 5 years that will cost $80,000. The company is setting up a sinking fund to finance the purchase. What will the quarterly deposit be if the fund earns 8% interest? (Do not round intermediate calculations. Round your answer to the nearest cent.) Quarterly deposit $ _________