An=3*(4^(n-1)) is the explicit
the recursive is <span>t_n = 4 * t_(n-1)</span>
Answer:
$11.75
Step-by-step explanation:
To find the cost of each,
you have to divide the amount paid by the amount bought
47.00 (amount paid) / 4 (amount bought) = 11.75 (total cost of each)
Based on the stated annual interest rate and the face value of the bond, the semiannual payments will be $1,000,000.
<h3>How can the semiannual interest payment be found?</h3>
The formula to find the semiannual payment is:
= (Face value x Stated annual interest rate) / 2 semi-annual periods per year
Solving gives:
= (50,000,000 x 4%) / 2
= 2,000,000 / 2
= $1,000,000
Find out more on bond payments at brainly.com/question/22488444.
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Step-by-step explanation:
