Answer:
Principal = 3500
Time = 8 years
We are given that compound quarterly
So, No. of compounds per year = 2
Rate of interest = 5%
Formula : 
Substitute the values :
Interest = 3863.345 - 3500 = 363.345
Hence the total amount in an investment of $3500 that was compounded quarterly for 8 years at a rate of 5% is $3863.345 and the interest that was made on that account mentioned is $363.345
Answer: 3:4
Step-by-step explanation: because the ratio of a :b is 2:3 which means b is 3 . And the ratio of a:c is 3 :4 which means c is 4.
And 3:4 is in simplest form .
Hope it helps.
Answer:
The yield is 5.974%
Step-by-step explanation:
We proceed as follows ;
coupon rate = Annual coupon payment/bond face value.
The face value is the original amount which the bond was bought and that is $515 according to the question. While the coupon rate is 5.8%
mathematically, annual coupon payment = coupon rate * bond face value = 0.058 * 515 = $29.87
mathematically;
current yield = Annual coupon payment/bond price
current yield = 29.87/500
= 0.05974 or simply 5.974%
so the answer is c. 5.6%
Step-by-step explanation:
