If Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The price of the bonds is: $1,039.11.
<h3>Price of the bonds</h3>
We would be making use of financial calculator to find or determine the price of the bonds (Present value) by inputting the below data:
N represent Number of years = 12 x 2 = 24
I represent Interest rate= 7.5 % / 2 =3.75 %
PMT represent Periodic payment= (8% x 1000) / 2 = $40
FV represent Future value= $1,000
PV represent Present value=?
Hence;
PV (Present value) = $1,039.11
Therefore if Renfro Rentals has issued bonds that have an 8% coupon rate ,payable semiannually. The price of the bonds is: $1,039.11.
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Answer:
Third option) y = -2/3x + 2
Step-by-step explanation:
It is parallel to 2x + 3y = 12
15 people. 1/4 of the band is 5, 2/4 or half is 10, 3/4 is 15, 4/4 is all 20
Answer:
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Step-by-step explanation:
Answer:
Step-by-step explanation:
Area of left rectangle:
Length = 36 ft
Width = 8
Area1 = length * width
= 36 * 8
= 288 square feet
Area of right rectangle:
Length = 15 ft
Width = 22 - 8 = 14 ft
Area2 = 15 * 14
= 210 square feet
Area of the figure = Area1 + area2
= 288 + 210
= 498 square feet
