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Alexxandr [17]
4 years ago
8

A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 8% and face value $1,000. Find the imput

ed interest income in the first, second, and last year of the bond’s life. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Business
1 answer:
Dvinal [7]4 years ago
4 0

Answer:

Explanation:

Answer has been provided in the attachment

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Due TODAY!
liberstina [14]
True I hope it’s right :)
8 0
3 years ago
Read 2 more answers
Norwood, Inc. Norwood, Inc. purchased a crane at a cost of $80,000. The crane has an estimated residual value of $5,000 and an e
pishuonlain [190]

Answer:

$6

Explanation:

depreciation rate per hour using the units-of-production method = (cost of asset - residual value) / estimated hours of operation

($80,000 - $5,000) / 12,500 = $6

3 0
3 years ago
Jane Moreland receives $500 per month from Social Security and her husband, Josh, receives 180 percent of the amount Jane does.
Minchanka [31]

Answer:

Jane's Social security = $535.71

Josh's Social security = $964.29

Explanation:

Jane's Social security = $500

Josh's Social security = $500 x 180%

Josh's Social security = $900

Suppose In order to have $1,500 per month retirement income

Jane's Social security = X

Josh's Social security = X x 180% = 1.8X

Total Income = X + 1.8X

$1,500 = X + 1.8X

$1,500 = 2.8X

$1,500 / 2.8 = X

X = 535.71

So

Jane's Social security = X = $535.71

Josh's Social security = 1.8 x 535.71 = $964.29

5 0
3 years ago
Read 2 more answers
In 2019, Britt drove her automobile 16,200 miles for business. She incurred $900 in gas expenses and $235 in tolls associated wi
jeka57 [31]

Answer:

$9,631

Explanation:

In 2019, the Standard mileage rate deduction for the business purposes is 58 cents per mile.

Therefore,

Her deduction is as follows:

= (No. of miles drove × 58 cents per mile) + Tolls associated with the business mileage

= (16,200 × 58 cents per mile) + $235

= 9,396 + 235

= $9,631

Therefore, by using the standard mileage method, her deduction is $9,631.

4 0
3 years ago
If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise i
Gala2k [10]

Answer:

3%

Explanation:

Increase in money supply ($ billion) = Increase in reserves / Reserve ratio

Increase in money supply ($ billion) = 150 / 0.1

Increase in money supply ($ billion) = 1,500

Increase in price level = (Increase in money supply / 100) * 0.2

Increase in price level = (1,500/100) * 0.2

Increase in price level = 3%

8 0
3 years ago
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