Who is in an ideal situation monetarily at retirement, and by what amount?

Business Finance –
2016
Total Marks: 20
Question 01
A man "A" has chosen to begin putting something aside for his retirement. Starting on his twenty first birth day. He wants to put $2,000
every birthday into a sparing venture gaining 7% compound yearly rate of interest. He will proceed with this sparing system for an
aggregate of 10 years and after that quit making installments. Be that as it may, his reserve funds will keep on compounding at 7% for 35
more years, until he resigns at age 65. Someone else "B" likewise plans to contribute $2,000 a year, on every birthday, at 7% and will do
as such for a sum of 35 years. Be that as it may, she won’t start her commitments until her thirty first birthday. What amount of will An’s
and B’s investment funds projects worth at the retirement age of 65? Who is in an ideal situation monetarily at retirement, and by what
amount?
Marks: 10
Question 02
SME Steels Corporation issued another arrangement of bonds on January 1, 1981. The bonds were sold at standard estimation of $1,000.
The securities have a 12% coupon rate and develop in 30 years, on December 31, 2010. Coupon installments are made Semiannually i.e.
on June 30 and December 31.
Required:
a.
10%?

What was the cost of the security on January 1, 1986, after five year, expecting that the level of financing costs had tumbled to

b.
Calculate the present yield and capital additions yield on the security on January 1,1986, given the cost as decided to some
degree (a).
Marks: 10
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