Each semiannual payment is (1/2)*.0545*$1000 = $27.25. There are 2*30 = 60 such payments in 30 years. After 6 payments, there will be 54 left.
a) The value of Tristan's bond is $1238.08
b) The value of Tristan's bond is $926.91
Answer:
$38,500
Step-by-step explanation:
Take the $385, then divide it by the percentage you know, 1 percent (.01 as a decimal) 385/.01 = $38,500, which is your answer.
Hopefully this helps - let me know if you have any questions!
Answer:
D
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
3 divided by 1/2 is equal to 6