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adelina 88 [10]
3 years ago
6

You are considering a savings bond that will pay $ 100 in 9 years. If the interest rate is 1.9 %​, what should you pay today for

the​ bond?
Business
1 answer:
Dmitrij [34]3 years ago
5 0

Answer:

You should pay $84.42 today for the​ bond.

Explanation:

bond price = value of bond/[(1 + interest rate)^number of years]

                   = $100/[(1 + 1.9%)^9]

                   = $100/(1.185)

                   = $84.42

Therefore, You should pay $84.42 today for the​ bond.

You might be interested in
From the 1970s through the 1990s, the relative price of a college education has increased greatly. During the same time period,
Gala2k [10]

Answer:

C) the demand curve for a college education has shifted rightward

Explanation:

If college enrollment has also increased, it means the demand for college education has increased. The demand curve for a college education has shifted rightward.

I hope my answer helps you

3 0
3 years ago
Mofro's Computer Repair Shop started the year with total assets of $300,000 and total liabilities of $200,000. During the year,
azamat

Answer:

The change in stockholders' equity was of 150.000

Explanation:

With the amount of sales and expenses of the year, the company had a profit of 200.000, if it pay dividends by 50.000, it means that the company  retained earnings for 150.000, this is the change in the equity of the company and keep in cash in the total assets.

8 0
3 years ago
What is one benefit of continuing your education after high school?
Molodets [167]

Answer:

C

Explanation:

The most relevant one because university is the place to produce expert in many fields. Thus this will increase your earnings within your course of career.

3 0
3 years ago
Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric
LenKa [72]

Answer:

Export

True

False

True

Explanation:

Free trade is a form of trade policy where there are no restrictions to imports or exports of goods and services.

The price of meekers is $30 in Meekertown and $40 In the world. Because meeker's are cheaper in Meekertown, it means that Meekertown is efficient in the production of meekers. As a result, they would export meekers to the rest of the world. It would be cost efficient for the rest of the world to import from Meekertown.

Consumers in Meekertown are worse of because of the trade because the price of Meekers would rise.

Producers are better off because they would earn more profits from the sale of Meekers at the world price.

Free trade increases total surplus because of efficient production. If a country is inefficient in production, it would import . This would increase consumer surplus and if it is efficient in production, it would export increasing producer surplus.

I hope my answer helps you

7 0
4 years ago
Parr Hardware Store had net credit sales of $6.5mil and cost of goods sold of $5mil for the year. The Accounts Receivable balanc
kifflom [539]

Answer:

Accounts Receivables Turnover Ratio = \frac{6,500,000}{650,000} = 10 times.

Explanation:

Accounts Receivables Turnover ratio = \frac{Net \:Credit \: Sales}{Average \: Receivables}

Here Net Credit Sales = $6.5 million

Accounts Receivables Opening Balance = $600,000

Accounts Receivables Closing Balance = $700,000

Average Accounts Receivable Balance = \frac{600,000 \:+ 700,000}{2} = 650,000

Accounts Receivables Turnover Ratio = \frac{6,500,000}{650,000} = 10 times.

This shows that accounts receivables are on an average 1/10th of credit sales.

Final Answer

Accounts Receivables Turnover Ratio = \frac{6,500,000}{650,000} = 10 times.

3 0
3 years ago
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