Given:
treasury bond = 40,000
brokers commission = 600
interest rate = 12$ p.a
interest paid semi-annually, january 1 and july 1.
Since the treasury bond was sold on June 1, its interest revenue will only be equal to 1 month ( June 1 to July 1).
12% / 12 months = 1% per month
40,000 * 1% = 400 interest revenue to be recorded on July 1.
Answer:
27
Step-by-step explanation:
1+2=3
3+4=7
7+8=15
15+12=27
Answer:
12.4
Step-by-step explanation:
Answer:
50
Step-by-step explanation:
8% of 100 is 8 now divide 100 by 2 since it is 16% and it is 8