Answer:
7.76%
Explanation:
In this question, we use the PMT formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $969
Future value = $1,000
Rate of interest = 8.1%
NPER = 17 years
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, The PMT would be $77.58
The coupon rate is shown below:
= (Coupon payment ÷ par value) × 100
= ($77.58 ÷ $1,000) × 100
= 7.76%
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<span>Globalization-Globalization involves the import of foreign automobiles and relocation of manufacturing facilities overseas. This has led to a steady decline in U.S. automobile-sector employment.</span>
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</span>
<span>The world’s richest countries are mostly found in Europe.
Therefore Sandra will be presenting most of the countries located in <u>“Europe”</u>.</span>
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from the wealth obtained in the conquest, wars also lead to advancement in
technology. </span>
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Answer:
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