Answer:
$ 1,586.8743
Explanation:
Calculation to determine what will be the value of the certificate when it matures
Compounded annually
Principal P= 1000
Rate r=0.08
Period n = 6
Using this formula
A = P (1+r)^n
Let plug in the formula
1000 (1.08)^6
= 1586.8743
Therefore what will be the value of the certificate when it matures is $1586.8743
Answer:
bureaucratic
Explanation:
Bureaucratic control is not really efficient when the employees are finding ways to stay out of trouble by using tactics that are within the rules.
For example, if they try to beat the system by manipulating performance reports, or if they try to actively resist bureaucratic constraints.
This problem is typical of bureaucratic control.
Hope this helps!
Answer:
$1003.92
Explanation:
The invoice price is calculated as the reported price plus the accrued interest. Therefore, the formula for accrued interest is shown below:

Given that the coupon rate is 8%, therefore the bond pays $80 of coupon payments every year.
January 14 was the day that the last coupon was paid, so it has been 14 days since the last payment.
The coupon period is 182 days.
Therefore, the accrued interest is

The invoice price is calculated as:
$1000.625 + $3.297
= $1003.922.
Therefore the invoice price of the bond is $1003.92