What is the price of a $1,000 face value bond if the quoted price is 102.1? $102.10 $1,021.00 $1,020.01 $1,002.10 $1,020.10?
1 answer:
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The y-intercept of 1000 in the graph is at the point where x is equal to 0.
At , it means no month have passed. It is the initial point where Zen deposited the money.
What is the amount (y axis)? 1000!
So y represents the initial deposit of Zen, which is 1000.
ANSWER: Answer choice D (Amount of money Zen deposited in the savings account)