Answer:
Step-by-step explanation:
4.30/40=$0.1075
Hope this helps :)
Answer:
5.3624785e+55
Step-by-step explanation:
Answer:
aₙ = 0.2(-0.3)⁽ⁿ⁻¹⁾
Step-by-step explanation:
The geometric sequence with the first term a, a common ratio r has the nth term given as
Tₙ = arⁿ⁻¹
where Tₙ is the nth term
From the given sequence
a = 0.2
r = -0.06/0.2
= -0.3
Hence the nth term
= 0.2 * -0.3ⁿ⁻¹
The right option is E
3x - 4y = 18 ⇒ 3x - 4y = 18
2x + y = 1 ⇒ 8x + 4y = 4
11x = 22
11 11
x = 2
2x + y = 1
2(2) + y = 1
4 + y = 1
- 4 - 4
y = -3
(x, y) = (2, 3)
Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24
