3. Calculate the value of a $1,000.00 bond issued with a maturity date four years in the future. Its stated annual coupon rate i
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Standard Form looks like this:
Also, A cannot be negative and there are no fractions in Standard Form.
Now that we know the rules of Standard Form, let's get x and y on one side.
-2/3y = 2 + 8/15x
Subtract 8/15x from both sides.
-8/15x - 2/3y = 2
Multiply 2/3 by 5/5 to get a common denominator.
-8/15x - 10/15y = 2
Multiply everything by 15 to rid of the fractions.
-8x - 10y = 30
Multiply everything by -1 to make A positive.
8x + 10y = -30
8x + 10y = -30
Also, A cannot be negative and there are no fractions in Standard Form.
Now that we know the rules of Standard Form, let's get x and y on one side.
-2/3y = 2 + 8/15x
Subtract 8/15x from both sides.
-8/15x - 2/3y = 2
Multiply 2/3 by 5/5 to get a common denominator.
-8/15x - 10/15y = 2
Multiply everything by 15 to rid of the fractions.
-8x - 10y = 30
Multiply everything by -1 to make A positive.
8x + 10y = -30
8x + 10y = -30