What is the book? Show an image please.. I would love to help!
Answer:
x + 3
Step-by-step explanation:
Since we have a common denominator, we can just simply combine the numerator which is just x+3.
Answer:
minor arc
Step-by-step explanation:
apex
3:8 can also be written as 3/8
<span>12:32 can also be written as 12/32
</span>
<span>So thus 3:8 is equivalent to 12:32</span>
You are given a bond interest of 6% that was given on January 1, 2016, with a face value of $600,000. Also, the market yield for bonds of similar risk, that <span>the market yield for bonds of similar risk and maturity was 7% and </span>the interest is paid semiannually on June 30 and December 31. You are to find the bond value on January 1, 2016. In here, because the yield of the market is above 6%, the bonds will have a discount for bonds less than $600,000.
Cash interest
= 0.06 * $600,000 * 6/12 (because it is done semiannually)
= $18,000
7%/2 = 3.5%
PV of interest at 3.5%
= $18,000 * 6.87396
= $123,731
PV of face at 3.5%
= $600,000 * 0.75941
= $455,646
Value of bond
= PV on interest + PV of face
= $123,731 + $455,646
= $579,377
