Yamaha inc. hires a new chief financial officer and promises to pay him a lump-sum bonus four years after he joins the company.
the new cfo insists that the company invest an amount of money at the beginning of each year in a 7% fixed rate investment fund to insure the bonus will be available.

to determine the amount that must be invested each year, a computation must be made using the formula for: (a) the future value of a deferred annuity.(b) the future value of an ordinary annuity.(c) none of these answer choices are correct.(d) the future value of an annuity due.

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.