<u>Given</u>:
Time,
t = 20 years
Rate,
r = 4.4%
Price
= $8,375
Now,
The yield will be:
=
= (%)
Time will be:
=
=
As we know the formula,
⇒
By substituting the values, we get
The face value will be:
($)
Learn more about face value here:
In the given graph point B is a relative maximum with the coordinates (0, 2).
The given function is .
In the given graph, we need to find which point is a relative maximum.
<h3>What are relative maxima?</h3>The function's graph makes it simple to spot relative maxima. It is the pivotal point in the function's graph. Relative maxima are locations where the function's graph shifts from increasing to decreasing. A point called Relative Maximum is higher than the points to its left and to its right.
In the graph, the maximum point is (0, 2).
Therefore, in the given graph point B is a relative maximum with the coordinates (0, 2).
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