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saw5 [17]
3 years ago
6

Mr. Davis purchased fifty $1,000 bonds at 96.50. The annual interest rate is 8.5%. Find the amount of each semi-annual interest

payment.
$4,250
$2,125
$1,062.50
$3,354.75
None of these choices are correct.
Mathematics
1 answer:
Ksivusya [100]3 years ago
6 0

Answer:

$2,125

Step-by-step explanation:

Semi-annual interest  payment is also known as the semi-annual coupon payment.

Semi-annual interest payment = Semi-annual interest rate * Face value

Semi-annual interest rate = (Annual interest rate)/2 = (8.5% / 2) = 4.25% or 0.0425 as a decimal.

Face value = $1000

Semi-annual interest payment (for 1 bond) = 0.0425*1000 = $42.5

Next,

there are 50 bonds therefore, the total semi-annual interest = 42.5*50

= $2,125

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pychu [463]

Answer:

B 8.56

this is the answer because you simply add what he bought so 1.13+1.13+1.76 which is 4.02 then subtract what he started with which was 12.58 so 12.58-4.02 is 8.56 so that's your answer

8 0
2 years ago
Read 2 more answers
Will a large-sample confidence interval be valid if the population from which the sample is taken is not normally distributed? e
Dovator [93]

A normal distribution is a type of continuous probability distribution for a real-valued random variable in statistics.

Yes, the large-sample confidence interval will be valid.

<h3>What is meant by normal distribution?</h3>

A normal distribution is a type of continuous probability distribution for a real-valued random variable in statistics.

The normal distribution, also known as the Gaussian distribution, is a symmetric probability distribution about the mean, indicating that data near the mean occur more frequently than data far from the mean.

The confidence interval will be valid regardless of the shape of the population distribution as long as the sample is large enough to satisfy the central limit theorem.

<h3>What does a large sample confidence interval for  a population mean?</h3>

A sample is considered large when n ≥ 30.

By 'valid', it means that the confidence interval procedure has a 95% chance of producing an interval that contains the population parameter.

To learn more about normal distribution, refer to:

brainly.com/question/23418254

#SPJ4

8 0
2 years ago
H+4.78=8.02 evaluate
asambeis [7]

Answer:

h=3.24

Step-by-step explanation:

6 0
3 years ago
Suppose that each of 935 smokers received a nicotine patch, which delivers nicotine to the bloodstream but at a much slower rate
nika2105 [10]

Answer:

26.2% of smokers,when given this treatment, would refrain from smoking for at least 6 months.

Step-by-step explanation:

In this problem, we have that:

935 smokers received the treatment(nicotine patch).

After 6 months, 245 of them were not smoking.

Assuming it is reasonable to regard this sample as representative of all smokers, estimate the percentage of all smokers who, when given this treatment, would refrain from smoking for at least 6 months.

This percentage is 245/935 = 0.2620.

26% of smokers,when given this treatment, would refrain from smoking for at least 6 months.

7 0
3 years ago
Replace 27 out of 45 desks. What percent of the desks need to be replaced?
Volgvan
I believe the answer is 40%. I hope this helps! 
8 0
3 years ago
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