1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jekas [21]
3 years ago
10

You have purchased a U.S. Treasury bond for $3,000. No payments will be made until the bond matures 10 years from now, at which

time it will be redeemed for $5,000.
What interest rate will you earn on this bond?
Select one:
a. 3.82%
b. 4.25%
c. 4.72%
d. 5.24%
e. 5.77%
Business
1 answer:
ruslelena [56]3 years ago
4 0

Answer:

rate = 5.24 %

so correct option is d. 5.24%

Explanation:

given data

purchased bond initial amount = $3,000

Maturity amount = $5,000

time period = 10 years

to find out

interest rate  earn on this bond

solution

we know here initial amount and final amount with time period so

we will apply here Maturity amount formula that is

Maturity amount = initial amount × (1+rare)^{time}     .................1

put here value we get

Maturity amount = initial amount × (1+rare)^{time}  

5000 = 3000 × (1+rare)^{10}      

1.6667 - 1 = (rare)^{10}      

solve it we get

rate = 5.24 %

so correct option is d. 5.24%

You might be interested in
All countries benefit from trade. If they did not, they would not trade. Based on this week's Reading Assignment, apply what you
jarptica [38.1K]

The idea of international trade is one of the factors that binds the world together. Trade between nations fosters peace and brings about, wealth creation, Cultural diffusion and inclusiveness.

<h3>What is International trade?</h3>

International trade refers to the exchange of goods, services and other commodities between countries of the world.

     International trade is possible because, goods and services produced in one country is needed by citizens of other countries.

  The idea of international trade is beneficial to both countries involved in such trade. It creates a long supply chain starting from manufacturers, logistics, middle men, and local traders.

 This supply chain created benefits both the sellers and the buyers and this creates employment opportunities in both countries.

It is important to note that not everyone within a country may benefit directly from international trade, however, it can be said that everyone will benefit indirectly because the proceeds from such trade affects the GDP of both countries and this brings about prosperity especially when trade is not one sided.

Learn more about International trade at brainly.com/question/15115779

#SPJ1

8 0
1 year ago
Which of the following are depositary financial institutions? (select all that apply)
asambeis [7]

Depositary financial institutions are:

  • Loan associations
  • Credit unions
  • Commercial bank

<h3>What are depositary financial institutions?</h3>

Depositary financial institutions are financial institutions that gathers or obtains funds majorly by accepting deposits from members of the public. Depositary financial institutions include loan associations, credit unions and commercial bank.

Credit union is a form of financial institution owned by members of the union. The union provides financial services similar to the services provided by commercial banks

A commercial bank is a financial institution that accepts deposits from customers, provide loans to customers and provide financial products t costumers. Only commercial banks. deposit their excess funds with the U.S. Treasury.

A  savings and loan associations is a financial institution that specializes in helping customers get residential mortgages.

To learn more about banks, please check: brainly.com/question/23980074

#SPJ1

6 0
2 years ago
The Department of Homeland Security has asked the Internal Revenue Service for the tax retums of U.S. citizens who have been ide
padilas [110]

Answer: The Department of Homeland Security can obtain the information because it is engaged in law enforcement activity

Explanation:

With regards to the question above, it should be noted that exchanging information is not allowed only in cases whereby the Department if Homeland Security needs it for law enforcement activities.

Therefore, option D i.e. The Department of Homeland Security can obtain the information because it is engaged in law enforcement activity is correct.

7 0
3 years ago
The price of apples used to make apple pies has increased. At the same time, people expect the price of apple pies to increase s
Anon25 [30]

Answer:

Equilibrium price will increase and equilibrium quantity will decrease

Explanation:

As the price of a commodity gets higher the demand will reduce. therefore they will be an abundance of the commodity since it is too hig for the consumers to buy.

3 0
3 years ago
ANSWER THESE QUESTION PLEASE !!
kolbaska11 [484]

Answer:

1. He recommends low cost funds connected to the S&P 500.

2. An American investor, and businessman.

3. It's the 500 most large publicly traded companies in the stock market.

4. There's tons of factors but it's usually the companies earnings and profits.

Explanation:

3 0
3 years ago
Other questions:
  • Assume taxes increase by $300 and government spending increases by $300. The marginal propensity to consume is 0.75. Calculate t
    6·2 answers
  • The following inventory valuation errors have been discovered for Knox Corporation:
    11·1 answer
  • Suppose that Karen deposits $500 into her checking account at the bank. The reserve requirement for Karen's bank is 12%. Assume
    6·1 answer
  • Ralph Chase plans to sell a piece of property for ​$170000. He wants the money to be paid off in two ways monica ​short-term not
    8·1 answer
  • Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be pro
    6·1 answer
  • Whitewall Tire Co. just paid an annual dividend of $1.70 on its common shares.
    13·1 answer
  • Flash Parcel Service (FPS) built its advertising campaign around the slogan, "Our business quality speaks the language of speed.
    11·1 answer
  • Variable $100,000 $ 25,000 Fixed 150,000 75,000 Total $250,000 $100,000 What is the initial selling price needed to obtain a tar
    12·1 answer
  • describe the difference between autonomous expenditure and induced expenditure. Which sectors of the economy are assumed to have
    5·1 answer
  • Melinda wants to set aside money for a long-term savings goal. She hopes to deposit
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!