Answer:
3.428571429 or approximately 3.43
Step-by-step explanation:
3/2
= 1.5
7/8
= 0.875
1.5/0.875
= 1.714285714
1.714285714/0.5
= 3.428571429
or approximately 3.43
Answer:
-3/12
Step-by-step explanation:
Answer:
2/8
Step-by-step explanation:
40% percent times 70 is want I believe
Amanda purchased a 30 year $10,000 bond at par value with a 4% coupon.
We find the coupon amount each year
Coupon amount = actual amount of bond * 4%
= 10,000 * 0.04 = 400
Coupon amount for every year = 400
Total value of coupons for 30 years = 400 * 30 = 12000
$12,000 is the total value of the coupons