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Zigmanuir [339]

2 years ago

7

Nate borrowed $400 to pay for car repairs. If he agreed to repay the loan at simple annual interest rate of 6%, how much interes

t will he owe at the end of 2 years?
please help!!

1 answer:

aalyn [17]2 years ago

5 0

He will owe $48 in interest.

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An architect made a scale drawing of a building. The scale of the drawing is 3 inches equals 50 feet. The actual building has a

melamori03 [73]

The height in the scale drawing was 250 inches.

7 0

2 years ago

Springfield nuclear energy inc bonds are currently trading at 283.30. The bonds have a face value of $1,000, a coupon rate of 2%

vampirchik [111]

<u>Answer:</u>

The yield to maturity of the bonds is 11%

<u>Explanation:</u>

Price at which the bonds is currently trading = 283.30$

Face Value = $1000

Coupon rate = 2%

Hence the coupon bond rate = $1000 ×2%

= $1000\times \frac{2}{100}$

=$20

Years to maturity: 20 years

Formula used:

= $\frac{(C+ (\frac{(F-P)}{n}))}{(\frac{(F+P)}{2})}$

Where C is the bond coupon rate

F is the face value

P is the price

N is the number of years

= $\frac{(20 +(\frac{(1000-283.30)}{20})}{(\frac{(1000+283.30)}{2})}$

=11%

The yield to maturity of the bonds is 11%

3 0

2 years ago

mr. Roberts is going shopping. he has a budget of $150.00. he will buy either a painting or a lamp. if he spends 80% of his mone

Elenna [48]

Mr. Roberts will spend $132 on a painting

3 0

3 years ago

What is the answer? im trying to figure it out and its hurting my head

Naya [18.7K]

7x-99=2x+1
5x=100
x=20

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3 0

3 years ago

What does -3(n+5)=12 equal

Reil [10]

Answer:

n= -9

Step-by-step explanation:

-3 ( n+5 ) = 12

-3n - 15 = 12

-3n = 12+15

-3n = 27

n = -27/3

n = -9

6 0

3 years ago