3 years ago

What is a reason someone would want to include a savings in a budget?

1 answer:

katrin2010 [14]3 years ago

7 0

Having a saving in the budget will one help obviously save more money for the household and it will build interest over the years.

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2 years ago

Tutak Industries issued a $1,000 face value bond a number of years ago that will mature in eight years. Similar bonds are yieldi

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Explanation:

We would first calculate the Coupon Payment and then later using the coupon payment we would compute the Coupon rate.

PV = $\frac{FV}{(1+r)^{N} }$ + A [ $[\frac{1-\frac{1}{(1+r)^{N} } }{r} ]$ ]

Where,

FV = $1,000

PV = $1,291.31

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3 years ago