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PCT)
‘Accompany issued 50 bonds of P 1,000.00 face value each, redeemable at par at
the end of 15 years. To accumulate the funds required for redemption the firm
established a sinking fund consisting of annual deposits, the interest rate of the
fund being 4%. What was the principal in the fund at the end of 12° year?
PET ees
A local firm s establishing a sinking fund for the purpose of accumulating a
sufficient capital to retire its outstanding bends at maturity. The bonds are
redeemable in 10 years and their maturity value is P 150,000.00. How much
‘should be deposited each year ifthe fund pays interest at the rate of 3747
TET et)
‘AP 1,000,000 issue of 3%, 15-year bond wes sold at 95%. What the rate of
interestof this investment?
fee
‘Aman was offered a Land Bank certificate wih a face value of P 100,000 which is
bearing interest of 8% per year payable semiannually and due in 6 years. ihe
wants fo eam 8% semiannually, how much must he pay the certificate?
re
‘A P 1,000 bond which will mature in 10 years and with a tond rate of 8% payable
annually is to be redeemed at par at the end ofthis period. Itis sold at P1020.
Determine the yield at this price,
