3 years ago

Alex purchased a seven-year $600 bond at par value with a 5% coupon. What is the total value of the coupons?

1 answer:

4 0

Answer

300 dollars

because u do 600x.5

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11Alexandr11 [23.1K]

Answer:

$n=3.875$

Step-by-step explanation:

First, we can expand the brackets:

$-(5n-9)+3n=-2(5n-20)$ (given)

$-5n+9+3n=-10n+40$

$-2n+9=-10n+40$ (combine like-terms)

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$n=3.875$

Hope this helps :)

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3 years ago