It’s 200 dollars for 25 years
Answer:
Five years ago, Benjamin invested in Parchar Special Effects. He purchased four par value $1,000 bonds from Parchar Special Effects at a market rate of 96.230. Each bond had an interest rate of 7.2%. Benjamin also purchased 200 shares of stock in the same company, each of which cost $19.08 and had a yearly dividend of $2.04. Today, bonds from Parchar Special Effects have a market rate of 104.595, and stock in Parchar Special Effects costs $22.62. If Benjamin liquidates his portfolio and sells all of his investments, which aspect of his investment will have yielded him a greater total profit, and how much greater is it?
- Step-by-step explanation:
Answer: The interest is $453.60.
The total amount includes principal + interest. The principal was 630 and the total amount was 1083.60.
1083.60 - 630 = 453.60.
Step-by-step explanation:
The next larger tenth is 10.1 .
The next smaller tenth is 10.0 .
10.04 is nearer to 10.0 than it is to 10.1 .
So the nearest tenth is 10.0 .
