Answer:
The semi-annually compounded nominal rate at that time is 7%
Step-by-step explanation:
In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:
PV= FV/(1+r)^n
According to the given data we have the following:
PV=$167
FV=$1,000
n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52
Therefore, 167= $1,000/( 1+r)^52
167/$1,000 =1/(1+r)^52
0.167 =1/(1+r)^52
r =3.50%
Therefore, The semi-annually compounded nominal rate at that time=3.50%*2
The semi-annually compounded nominal rate at that time=7%
The semi-annually compounded nominal rate at that time is 7%
Answer:
<em>I'm not 100% sure but I think 3 days.</em>
Step-by-step explanation:
he clears 2/3 acres every 2 days. 1 day would be half of that, which is 1/3. add those together and you get 1 acre. add the days together and you get 3 days.
Please mark brainliest!!
Answer: 45.43%
Step-by-step explanation:
Answer:
Hey, gm!
Step-by-step explanation:
With what? Let me know :)
Have a nice day <3
