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marishachu [46]
3 years ago
14

(5) On January l, 1988, Felix inherited a perpetuity with annual payments beginning in six months. The first payment was $3,000,

and after that the payments increased by 3% each year. Find the value of this perpetuity on January 1, 1995 if the annual effective interest rate was 6% from January I, 1988 through January I, 1996 and 4% thereafter.

Mathematics
1 answer:
valkas [14]3 years ago
8 0

Answer:

Hence the value of this perpetuity on January 1, 1995 will be $55993.18404

Step-by-step explanation:

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Springfield nuclear energy inc bonds are currently trading at 283.30. The bonds have a face value of $1,000, a coupon rate of 2%
vampirchik [111]

<u>Answer:</u>

The yield to maturity of the bonds is 11%

<u>Explanation:</u>

Price at which the bonds is currently trading = 283.30$

Face Value = $1000

Coupon rate = 2%

Hence the coupon bond rate = $1000 ×2%

= 1000\times \frac{2}{100}

=$20

Years to maturity: 20 years

Formula used:  

=\frac{(C+ (\frac{(F-P)}{n}))}{(\frac{(F+P)}{2})}

Where C is the bond coupon rate

F is the face value

P is the price

N is the number of years

=\frac{(20 +(\frac{(1000-283.30)}{20})}{(\frac{(1000+283.30)}{2})}

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The yield to maturity of the bonds is 11%

3 0
3 years ago
Express 160 as product of their prime factor
MariettaO [177]

Answer: 5x2^5

Step-by-step explanation: Divide 160 by 2 as many times as you can to get 80x2, 40x2x2, 20x2x2x2, 10x2x2x2x2, 5x2x2x2x2x2. Then re-write your answer so that it is 5x2^5.

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Find the area of the sector in<br> terms of pi.<br> 120°<br> 24<br> Area = [?] π<br> Enter
Nady [450]
Sector area= theta/360 x πr^2

Radius= 24/2= 12

Sector area= 120/360 x π(12)^2

Final answer :

Sector area = 48π
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3 years ago
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