Answer:
Interest rate = 4.75% (approx)
Explanation:
Given:
Face value of bond = $1,000
Present value of bond = $954.70
Interest rate = ?
Computation of Interest rate :
![Interest rate = [\frac{Face value of bond}{Present value of bond}-1] \times 100\\](https://tex.z-dn.net/?f=Interest%20rate%20%3D%20%5B%5Cfrac%7BFace%20value%20of%20bond%7D%7BPresent%20value%20of%20bond%7D-1%5D%20%5Ctimes%20100%5C%5C)
![Interest rate = [\frac{1,000}{954.70}-1] \times 100\\\\Interest rate = [1.04744946-1] \times 100\\Interest rate = [0.04744946] \times 100\\= 4.744946](https://tex.z-dn.net/?f=Interest%20rate%20%3D%20%5B%5Cfrac%7B1%2C000%7D%7B954.70%7D-1%5D%20%5Ctimes%20100%5C%5C%5C%5CInterest%20rate%20%3D%20%5B1.04744946-1%5D%20%5Ctimes%20100%5C%5CInterest%20rate%20%3D%20%5B0.04744946%5D%20%5Ctimes%20100%5C%5C%3D%204.744946)
Interest rate = 4.744946%
Interest rate = 4.75% (approx)
Indirect:
is the production of something like a device, something that can be used to produce another product.
Direct:
is the creation of an end product, like in farming producing food.
Major Difference:
The kind of product being produced!
<h3>
Answer:</h3>
<h3>
Explanation:</h3>
The formula for calculating the Monthly payments P for the sinking fund is as follows:

where,
P = Monthly payments to be made
A = Total amount to be accumulated
i = Interest rate for given time period
n = Number of time period
Assuming interest is applied at the beginning of each period.
We are given two scenarios.
<h3><u>
Scenario (i) - Deposit is made during the year:</u></h3>
In this scenario, as some of the year is already passed (assume 6 months), to complete the time period of 3.5 years the interest will compound 3 times (as the 0.5 year payments can be adjusted in the remaining part of the first year and no interest is applied on it). Hence, the interest will be applied 3 times.

<h3><u>
Scenario (ii) - Deposit is made at the beginning of the year:</u></h3>
For this case, the interest will be applied 4 times to complete the time period of 3.5 years for payment.

Prepaid cards/gift cards allow you to save money by having others prepay for your expense. Gift cards and repaid cards serve the same purpose essentially. Both are prepaid and preloaded by someone else (or you) and given to you so that your expenses are covered. This helps people save money since they aren't using their own funds.
It is Raising Awareness.
It is actually changing people’s perspective towards things they have been thinking to be right or wrong.
In this scenario, it is generally thought and has been accepted by people that Starbucks Coffee price is too high, because they have the best quality coffee and for that they are charging high.
But in reality, they get the raw material from farmers of Colombia at a very cheap price. This is what most of the people don’t know about. So the consumers who came to know about it, started to protest against them, thus creating awareness about this to other people.