1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonbull [250]
3 years ago
15

Muriel buys a $2,000 savings bond with a 4% coupon and 20 years to maturity. How much interest will she earn over the life of th

e bond?
Business
1 answer:
irina1246 [14]3 years ago
3 0
To solve: use the simple interest calculation.

interest earned over the life of the bond = (bond price)(coupon rate)(years)
= (2,000)(0.04)(20)
= $1,600

So after 20 years on a 4% coupon bond starting at $2,000 Muriel will earn $1,600 in interest. 
You might be interested in
The economic effect of an expense is incurred when the benefit expires or is used up not when cash is paid true or false
12345 [234]

Answer:

false

Explanation:

4 0
3 years ago
A measure of the burden of continual deficit financing over time is the ratio of:.
Ksju [112]

Answer:

Explanation:

the debt to the GBP

8 0
2 years ago
The first step any investor should take before beginning to invest is to __________.
Nataly_w [17]
The first step that an investor should take before  beginning to invest should be to establish investment objectives.
5 0
3 years ago
The Endot Manufacturing Company, a manufacturer and wholesaler of widgets, has provided you with the following financial informa
Katyanochek1 [597]

Quick ratio = 1.30 (Option C)

<u>Explanation:</u>

Quick ratio or acid test ratio is calculated as follows:

(Cash plus marketable securities plus accounts receivable ) divide by total current liabilities

In our question, we have been given with the data:

Cash = 45 million

Marketable securities = 33 million, accounts receivable = 66 million, total current laibailities = 111 million

So, let us now put the given values in the above stated formula:

Quick ratio = ( 45 plus 33 plus 66) divide by 111

After calculating we get, 1.30

Therefore, the quick ratio is 1.30

3 0
3 years ago
Why doesn’t a change in the price of eggs cause a change in the demand for eggs?
FromTheMoon [43]
Supply and demand changes the price of eggs
6 0
3 years ago
Other questions:
  • Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was
    13·1 answer
  • Tom and Mark tell Susan that they are considering expanding store hours and advertising. They wish to concentrate their efforts
    13·1 answer
  • What are the objectives of business​
    8·1 answer
  • Mike, an attorney, earns $200,000 from his law practice and receives $45,000 in dividends and interest during the year. In addit
    7·1 answer
  • Remember, a bond’s coupon rate partially determines the interest-based return that a bondwill pay, and a bondholder’s required r
    5·1 answer
  • Can I get help on this job application please ?
    15·1 answer
  • Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be
    7·1 answer
  • Mekia is in high school. She is thinking about possible career choices. Her guidance counselor gave her information about severa
    15·1 answer
  • The sum of all five terms of an arithmetic sequence is $55$. Find the sum of the first three terms of the sequence if the sum of
    5·1 answer
  • The First Bank of the United States had characteristics that differ from those of the modern central bank of the United States.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!