Answer:
The probability that I will choose a consonant is 62.50%.
Step-by-step explanation:
Given that John has 8 cards that spell the word H O M E W O R K, and he shuffles them and then places them face down, to determine what is the probability he will choose a consonant the following calculation must be performed:
Vowels: 3
Consonants: 5
5/8 = X
0.625 = X
0.625 x 100 = 62.50
Therefore, the probability that I will choose a consonant is 62.50%.
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
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