Part A
Answer: 89.50 dollars
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Work Shown:
10% = 10/100 = 0.10
10% of $895 = 0.10*895 = 89.50
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Part B
Answer: $1350
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Work Shown:
x = amount of sales for the week
10% of x = 0.10*x = 0.10x
0.10x = amount Geoff earns in commission
He needs $135, so 0.10x = 135
Divide both sides by 0.10 to isolate x
0.10x = 135
0.10x/0.10 = 135/0.10
x = 1350
He must have $1350 in sales for the week
The present value of a perpetual bond is = annual coupon payment/discount rate
The discount rate = yield = 20% =0.2
Annual coupon payment =$100
Present value of the bond = 100/0.2 = 500
So the present value of the bond is the value that you would end up paying for the bond.
Hence you would pay $500.00 for a bond that pays an annual perpetual coupon of $100 with a yield of 20%
Answer:
Yes
Step-by-step explanation:
First you multiply b0th sides of the equation by 2, then add 7 to both sides to leave the x isolated.
now you know that x is greater than or equal to 25, you start your line at number 25 and you continue it forever (or where the line on your paper stops). Good luck!