pageantperfectp1zglk pageantperfectp1zglk
  • 03-01-2018
  • Mathematics
contestada

Clarissa Finley purchased a $1,000 bond at a quoted price of 80.25. The bond pays interest at a rate of 6.5%. What is the annual yield?

Respuesta :

Ivka93
Ivka93 Ivka93
  • 14-01-2018
Clarissa Finley purchased a 1,000 bond at a quoted price of $80.25:
1000*80.25$=$80250
$80250:100%=$x:6.5%
100*x=80250*6.5, x=$5216.25
The annual yield is $5216.25.

Answer Link
melwillis18
melwillis18 melwillis18
  • 25-03-2021

Answer:

8.1 %

Step-by-step explanation:

Answer Link

Otras preguntas

There are 2 cats on each house roof, and there are 15 cats on the ground. The table shows how the number of cats, c, depends on the number of houses, h. Choose
2.The(organ)____where urea is produced.
What is the best estimate for the weight of an automobile
what is - 1/6 + (-7/4) this is 7th gradr math
Which zero pair could be added to the function f(x)=x2 +12x+6 so that the function can be written in vertex form
Write 5 numbers that round to 360 when rounded to the nearest ten
Which statements describe Newton and the law of universal gravitation? Check all that apply
What is f(–3) for the function f(a) = –2a2 – 5a + 4?
Which of the following is a true statement?
’ll do my duty to my brother— and yours as well, if you’re not prepared to. Which rhetorical appeal does Antigone use in an attempt to persuade Ismene to he