I need help with all 4 of these . And I do need to show work for all of them
1 answer:
Answer:
Step-by-step explanation:
11) Profit = Selling price - purchase price - other expenses
12) Profit = Selling price - purchase price - other expenses
(after rounding off)
13) Annual interest on bond
=INterest rate on face value of bond for 1 year
14)Cost of bond
= quoted value (rate)
=3500(80.5)
=2817.50
15) Cost of bond
= quoted value (rate)
=4250(83.5)
=3548.75
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Answer:
For a duration of 5 years, Monthly Payment =$600.42
For a duration of 6 years, Monthly Payment =$508.83
Step-by-step explanation:
where a= Amount to Finance=$33,000
Annual interest rate = 3.5%=0.035
r=Monthly Interest Rate= 0.035 ÷ 12 =
n=number of months to pay
For a duration of 5 years
n=5X12=60 months
For a duration of 6 years
n=6X12=72 months