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In the value of bonds, the symbol "M" means "thousands.
Therefore, 10 M = 10,000$
So, the customer bought a coupon with 10,000$ and the expected annual interest is 7.5% of the coupon's value.
Calculating the value of interest is simple, just multiply the interest rate (7.5%) by the original value of the coupon to know how much interest she will collect each year.
Interest collected each year = (7.5 / 100) x 1000 = 750$
Answer:
A) 11/36
Step-by-step explanation:
x + 4/9 = 3/4
get a common denominator of 36 (4*9 = 36)
x + 4/9 * 4/4 = 3/4 * 9/9
x + 16/36 = 27/36
subtract 16/36 from each side
x + 16/36 - 16/36 = 27/36 -16/36
x = (27-16)/36
x = 11/ 36
Answer:
a
Step-by-step explanation:
368
