In the value of bonds, the symbol "M" means "thousands.
Therefore, 10 M = 10,000$
So, the customer bought a coupon with 10,000$ and the expected annual interest is 7.5% of the coupon's value.
Calculating the value of interest is simple, just multiply the interest rate (7.5%) by the original value of the coupon to know how much interest she will collect each year.
Interest collected each year = (7.5 / 100) x 1000 = 750$
Answer:99.9
Step-by-step explanation:
Answer:
n = -902.7
Step-by-step explanation:
n/-4.5 = 200.6
n = (-4.5)(200.6)
n = -902.7