Answer:
A. $22,223
B. $20,000
C. $20,000
Explanation:
The annual return of the retired couple's investment is called the yield in percentage.
A. If they go for Treasury bills which has a yield of 9%, to attain a return of at least $2,000 their investment must exceed $20,000. 9% of 22,223 = $2,000.07
B. . If they go for Corporate bonds option which has a yield of 11%, to attain a return of at least $2,000; 11% of 20,000 = $2,200
C. . If they go for Junk bonds option which has a yield of 13%, to attain annual return of at least $2,000; 13% of $20,000= $2,600
Answer:
2
Step-by-step explanation:
rise over run = y/x
3/1.5= 2
Answer:
41 21/25
Step-by-step explanation:
38 1/25 + 3 4/5 = 41 21/25
We know that
a1=1
a2=3
a3=9
a2/a1=3/1----> 3
a3/a2=9/3----> 3
<span>common ration r is equal to 3
number of terms n is 12
The </span><span>Sum of geometric series is given by the formula
</span>Sum=a1*[1-r<span>^n]/[1-r]
</span>Sum=1*[1-3^12]/[1-3]-----> Sum=[1-3^12]/[1-3]----> [3^12-1]/[3-1]
<span>Sum=531440/2-----> 265720
the answer is
265720
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