Brad has a government bond that will be worth $10,588.13 in seven years. The bond has an interest rate of 6% compounded semiannu
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So hmm notice the picture below
running a segment from the right-angle perpendicular to the opposite side, gives three similar triangles, one small, a medium and a large one
now, using proportions, you can simply
and solve for "x"
running a segment from the right-angle perpendicular to the opposite side, gives three similar triangles, one small, a medium and a large one
now, using proportions, you can simply
and solve for "x"