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timofeeve [1]
3 years ago
10

A 30-year, $1,000 strip bond was traded for $167, four years after it was issued. What was the semi-annually compounded nominal

rate at that time? Calculate percentages accurate to the nearest 0.01%.
Mathematics
1 answer:
Anna007 [38]3 years ago
4 0

Answer:

The semi-annually compounded nominal rate at that time is 7%

Step-by-step explanation:

In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:

PV= FV/(1+r)^n

According to the given data we have the following:

PV=$167

FV=$1,000

n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52

Therefore, 167= $1,000/( 1+r)^52

167/$1,000 =1/(1+r)^52

0.167 =1/(1+r)^52

r =3.50%

Therefore, The semi-annually compounded nominal rate at that time=3.50%*2

The semi-annually compounded nominal rate at that time=7%

The semi-annually compounded nominal rate at that time is 7%

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The radius of the circle is 100 mm what is the diameter
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Answer:

The answer is B) 200mm. Check the image for the workings

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2 years ago
A map uses the scale of 3/4 of an inch to represent 3miles. If the
svp [43]

Answer: 6.25 inches

Step-by-step explanation: multiply 3/4 by 25 then divide the answer by 3

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7 0
3 years ago
Use the present value formula to determine the amount to be invested​ now, or the present value needed.
rjkz [21]

Answer:

Present value is $29,086.21.

Step-by-step explanation:

PV =\frac{40000}{(1+\frac{0.029}{12} )^{11*12} }=29,086.21

8 0
2 years ago
Line Segment DE is parallel to side BC of right triangle ABC. CD = 3, DE = 6, and EB = 4. Compute the area of quadrilateral BCDE
dybincka [34]

The area of quadrilateral BCDE = 20.4 sq. units

Let AD = x and AE = y.

Since ΔABC and ΔAED are similar right angled triangles, we have that

AC/AD = AB/AE

AC = AD + CD

= x + 3.

Also, AB = AE + EB

= y + 4

So, AC/AD = AB/AE

(x + 3)/x = (y + 4)/y

Cross-multiplying, we have

y(x + 3) = x(y + 4)

Expanding the brackets, we have

xy + 3y = xy + 4x

3y = 4x

y = 4x/3

In ΔAED, AD² + AE² = DE².

So, x² + y² = 6²

Substituting y = 4x/3 into the equation, we have

x² + y² = 6²

x² + (4x/3)² = 6²

x² + 16x²/9 = 36

(9x² + 16x²)/9 = 36

25x²/9 = 36

Multiplying both sides by 9/25, we have

x² = 36 × 9/25

Taking square root of both sides, we have

x = √(36 × 9/25)

x = 6 × 3/5

x = 18/5

x = 3.6

Since y = 4x/3,

Substituting x into the equation, we have

y = 4 × 3.6/3

y = 4.8

To find the area of quadrilateral BCDE, we subtract the area of ΔAED from area of ΔABC.

So, area of quadrilateral BCDE = area of ΔABC - area of ΔAED

area of ΔABC = 1/2 AC × AB

= 1/2 (x + 3)(y + 4)

= 1/2(3.6 + 3)(4.8 + 4)

= 1/2 × (6.6)(8.8)

= 1/2 × 58.08

= 29.04  square units

area of ΔAED = 1/2 AD × AE

= 1/2xy

= 1/2 × 3.6 × 4.8

= 1/2 × 17.28

= 8.64 square units

area of quadrilateral BCDE = area of ΔABC - area of ΔAED

area of quadrilateral BCDE = 29.04 sq units - 8.64 sq units

area of quadrilateral BCDE = 20.4 sq. units

So, the area of quadrilateral BCDE = 20.4 sq. units

Learn more about area of a quadrilateral here:

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4 0
2 years ago
What additional piece of information do we need to prove that MLN ≅ OPN
mote1985 [20]

Answer:

N is the midpoint of MO

Step-by-step explanation:

Given

See attachment for triangles

Required

Additional information to prove MLN \cong OPN

From the attachment, we already have:

LM \simeq OP and LN \simeq ON

The additional information that must be true for MLN \cong OPN  to be true is: <em>N is the midpoint of MO</em>

Because this piece of information proves that:

MN \simeq ON

<em>Which in other words makes </em>MLN \cong OPN<em> </em>

6 0
3 years ago
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