"AST1CAL3 EQUATION VARIABLE |N 7 0N|","02-27-1993","22:27:45"
"FREQCONV=12/PAYMNINT NPERIODS=FREQCONV*NUMYEARS INVR%PER=INVRATE%/FREQCONV FACR%PER=FACRATE%/FREQCONV PERPAYMN=RND(FACEVALU*FACR%PER/100) PURPRICE=RND(REDMVALU*(1+INVR%PER/100)^-NPERIODS+FACEVALU*FACR%PER/100*((1-(1+INVR%PER/100)^-NPERIODS)/INVR%PER*100)) BOOKVALU=RND(REDMVALU*(1+INVR%PER/100)^-(NPERIODS-PERIOD#+1)+FACEVALU*FACR%PER/100*((1-(1+INVR%PER/100)^-(NPERIODS-PERIOD#+1))/INVR%PER*100)) BVCHANGE=RND(REDMVALU*(1+INVR%PER/100)^-(NPERIODS-PERIOD#)+FACEVALU*FACR%PER/100*((1-(1+INVR%PER/100)^-(NPERIODS-PERIOD#))/INVR%PER*100))-BOOKVALU INTDUEBV=PERPAYMN+BVCHANGE"
"BOND, BOOK VALUE, INVESTMENT SCHEDULE.                         A BOND is a written contract to pay a fixed sum called the REDEMPTION VALUE on afuture specified date called the REDEMPTION DATE. FACEVALU is bond's face value.FACRATE% is its nominal or face interest rate. INVRATE% is the investor's       desired interest rate. NUMYEARS is the term of the bond in years from purchase  date. PAYMNINT is the payment interval in months (=1 for month, =3 for quarter, =6 for semiannully, =12 for annually). REDMVALU is bond's redemption value in   dollars (not as percent of face value.) PERPAYMN is the periodic interest       payment. PURPRICE is the purchase price.                                         PERIOD #   BOOK VALUE   INTEREST DUE       BOND INT       CHANGE BV                        (at start)   on BV (at end)     (at end)       (at end)                 1       $981.85        $39.27             $35          $ +4.27                  2        986.12         39.45              35            +4.45                  3        990.57         39.62              35            +4.62                  4        995.19         39.81              35            +4.81              *** Answers to problems. ***                  Note: JJ is semiannually.         (a) Set FACEVALU=1,000, FACRATE%=7, INVRATE%=8, NUMYEARS=2, PAYMNINT=6,         REDMVALU=1,000. Set PERIOD# =1, 2, 3 and then 4. Table is shown above.                         ||(a) Construct an investment schedule for a $1,000, 7%, JJ bond redeemable at par in 2 yrs which is bought to yield 8% compounded semiannually. Type , to see answers.  Type (F2) to return to helpfile.                                          ''(c) Copyright PCSCC, Inc., 1993"
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