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pogonyaev
2 years ago
14

A $1,000.00 bond at 85 1/4 % pays 6.8 % annual interest. Calculate cost of bond.

Mathematics
1 answer:
stepladder [879]2 years ago
8 0

Based on the par value of the bond and the percentage it was issued at, the cost of the bond is $852.50.

<h3>What is the cost of the bond?</h3>

The current cost of the bond is the present value of the bond's cashflows and its par value.

This is taken into account when the bond is issued at a certain percentage which in this case is 85 ¹/₄%.

The cost of the bond is:

= 1,000 x 85 ¹/₄%

= $852.50

Find out more on the cost of bonds at brainly.com/question/15567868.

#SPJ1

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Find the value of x when 6-3x=5x-10x+4
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Answer:

x= -1

Step-by-step explanation:

6-3x=5x-10x+4

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Find the area of the shaded region.
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2 years ago
34. Lora is thinking of a number. It is less than 50 It is a 2-digit number. 3 is a factor of this number. The sum of its digits
-Dominant- [34]

Answer:

B

Step-by-step explanation:

The number is between 10 and 49

The number is divisible by 3

Let the 10s digit = x

Let the units digit = y

1/3 * (10x + y)  = x + y          multiply both sides by 3

10x + y = 3(x +y)                  remove the brackets.

10x +y = 3x + 3y                  Subtract 3x from both sides

10x - 3x + y = 3y                  Combine\

7x + y = 3y                           Subtract y from both sides.

7x = 3y - y                           Combine

7x = 2y

x can't be very big. Even taking 1/3 will get out of range is you use 6.

Also x should be an even number. The units digit cannot have a fraction in it.

Try making x = 2

7*2 = 2*y

14 = 2y                                Divide by 2

14/2 = y

y = 7

So the number is possibly 27. Let's check it out.

  • The number is between and includes 10 and 49. 27 is between these two endpoints.
  • 27 is divisible by 3
  • 1/3(27) = sum of digits
  • 9 = (2 + 7)

All of the conditions are met. It's B

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2 years ago
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