What are clauses in the insurance contract that specify the losses that are not covered by the insurance? A. (riders) B. (Exclus
2 answers:
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Answer:
4.93%
Explanation:
We use the Rate formula shown in the spreadsheet for this question
The time period is represented in the NPER.
Provided that,
Present value = $1,000 × 105% = $1,050
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 5.3% ÷ 2 = $26.5
NPER = 25 years - 2 years = 23 years × 2 = 46 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the yield to maturity is 4.93%
