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Free Checking. APR (Annual Percentage Rate) on Savings and of the bank is a Credit Union or a plain ole bank.
Answer:
$296.90
Explanation:
For computing the value of the zero coupon bond we need to apply the present value formula i.e to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 6.60%
NPER = 19 years
PMT = $0
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the value of zero coupon bond is would be $296.90
Answer:
Expansion: A speedup in the pace of economic activity defined by high growth, low unemployment, and increasing prices.
Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction.
Contraction: A slowdown in the pace of economic activity defined by low or stagnant growth,...
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Explanation: