In the value of bonds, the symbol "M" means "thousands.
Therefore, 10 M = 10,000$
So, the customer bought a coupon with 10,000$ and the expected annual interest is 7.5% of the coupon's value.
Calculating the value of interest is simple, just multiply the interest rate (7.5%) by the original value of the coupon to know how much interest she will collect each year.
Interest collected each year = (7.5 / 100) x 1000 = 750$
Part A: One solution because the lines intersect one time.
Part B: (3,4) or x=3 and y=4 (depending on how you have to write it)
Answer:
284.72
Step-by-step explanation:
there you go
Answer:
11:07 Pacific Time
Step-by-step explanation:
it depends on your time zone :)
Answer:
d
Step-by-step explanation:
