The bond bought by Kent at the age of 22 for $1000 at the rate of six percent will be worth around $3207 at maturity.
<h3>What is a bond?</h3>
A bond is a debt instrument, which is subscribed by an individual at a fixed rate of return, in order to earn a secured rate of return at the time of maturity of such bond.
The formula used to calculate the rate of maturity of bond will be as below,
Hence, the rate of return of the bond on maturity is as calculated above.
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Answer:
The answer is D = E×M
Explanation:
The amount of excess reserves multiplied by the monetary multiplier would amount to the maximum amount of new demand deposit money that can be created by the banking system on the basis of any given amount of excess reserves.
Answer:
c. $150.
Explanation:
the extra amount of hours Maurice can work taking a flight will be of 5 hours
(8 hours taking a plane against 3 hours if driving)
As the income per hour is 30 dollar it can generate;
5 hours x $30 per hour = $150
Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150
Carpentry
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Answer:
A. mechanistic is the correct answer.
Explanation: