Answer:
divide 47.12 by 3.14
Step-by-step explanation:
that way it will give you an answe
In the value of bonds, the symbol "M" means "thousands.
Therefore, 10 M = 10,000$
So, the customer bought a coupon with 10,000$ and the expected annual interest is 7.5% of the coupon's value.
Calculating the value of interest is simple, just multiply the interest rate (7.5%) by the original value of the coupon to know how much interest she will collect each year.
Interest collected each year = (7.5 / 100) x 1000 = 750$
y + 2007 = 5/29x
5/29 is the slope and 2007 is the y-intercept
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