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siniylev [52]
3 years ago
8

You purchase a 30-year, zero-coupon bond for a price of $25. The bond will pay back $100 after

Business
1 answer:
Reil [10]3 years ago
6 0

Answer:

annual compounded return = 4.73 %

so correct option is D) 4.73%

Explanation:

given data

present value = $25

future value = $100

time = 30 year

to find out

annual compounded return

solution

we get here annual compounded return that is express as

annual compounded return = (\frac{FV}{PR} )^{\frac{1}{t}} - 1    ............1

here t is time period and FV is future value and PV is present value

so put here all value in equation 1 we get

annual compounded return = (\frac{100}{25} )^{\frac{1}{30}} - 1

annual compounded return = 0.047294

annual compounded return = 4.73 %

so correct option is D) 4.73%

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A(n) _____ is an outside firm that specializes in the creation, production, and/or placement of the communications message and t
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An advertising agency

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Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances w
kakasveta [241]

Complete question:

Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.

What is Bradley's minimum payment?

A) $158

B) $189

C) $270

D) $1,890

Answer:

Bradley's minimum payment is (C) $270.

<h3>What is the percentage?</h3>
  • A percentage is a fraction of a whole expressed as a number between 0 and 100.
  • Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
  • To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>

Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.

So, to find the minimum payment find 3% of $9000.

3% of $9,000 = $270.

Therefore, Bradley's minimum payment is (C) $270.

Know more about percentages here:

brainly.com/question/24304697

#SPJ4

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