Answer:
8.69%
Explanation:
Face value (FV)=$ 1,000.00
Coupon rate=8.00%
Interest per period (PMT) =$30.00
Bond price (PV)=$ 952.00
Number of years to maturity 11
Number of compounding periods till maturity (N) 22
Bond Yield to maturity RATE(NPER,PMT,PV,FV)*2 = 8.69 %
My answer -
it determines how much
they charge you in interest if you carry a balance. Lower is better.
The percentage interest is what they charge you each month, “annual
percentage rate” is what you’re paying if you keep that balance for a
year. It’s slightly different because in that year, you’re also paying
interest on the amount of interest (compound interest) you owe in the
previous months.
Not carrying a balance means that you don’t pay interest.
p.s
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It provides the added necessities we need.
In order for us to keep up with the advancements of other countries, ARPA was created to lead computing research, which then led to the creation of the first wide area network.
This is further explained below.
<h3>What is
a wide area network.?</h3>
Generally, A telecommunications network that is spread out across a vast geographical region is known as a wide area network (WAN). Frequently, leased telecommunication circuits are utilized in the process of establishing wide area networks.
In conclusion, ARPA was established to take charge of computer research so that the United States could keep up with the technological achievements of other nations.
This eventually resulted in the development of the very first wide area network.
Read more about the wide area network.
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