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WINSTONCH [101]
2 years ago
12

Suppose the U.S. Treasury offers to sell you a bond for $687.25. No payments will be made until the bond matures 5 years from no

w, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price
Business
1 answer:
pantera1 [17]2 years ago
5 0

Answer:

6%

Explanation:

Data provided as per question is as given below:-

Redeemed amount = $1,000

Sale value of Bond = $687.25

Number of year = 5

The computation of interest rate is as shown below:-

Interest rate = (Redeemed amount ÷ Sale value of bond) ^ (1 ÷ Number of Year) - 1

= (1,000 ÷ 747.25) ^ (1 ÷ 5) - 1

= (1.338) ^ (0.2) - 1

= 0.06

= 6%

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Marissa owns an equestrian clothing store. After many customers complained that her clothing only fit petite riders, she decided
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B) To remain competitive, companies must be prepared to add to or adapt their product lines to satisfy customer desires.

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5 0
3 years ago
You invest $180 in a mutual fund today that pays 6.80 percent interest annually. How long will it take to double your money? (If
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Answer:

It will take 10 years and 197 days.

Explanation:

Giving the following information:

You invest $180 in a mutual fund today that pays 6.80 percent interest annually.

To calculate the time required to double the money, we need to use the following formula:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(360/180)] / ln(1.068)

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3 0
3 years ago
] Widget manufacturing Company began operations on January 1. All sales are on credit. Widget has sales budgeted as $160,000 for
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Answer: $222000

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= $48000 + $174000

= $222000

The value of February expected cash collections from customers is $222,000.

4 0
2 years ago
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