The line of best fit is described by the equation ŷ = bX + a, where b is the slope of the line and a is the intercept (i.e., the value of Y when X = 0). This calculator will determine the values of b and a for a set of data comprising two variables, and estimate the value of Y for any specified value of X.

5 0

3 years ago

What would you pay for a $210,000 debenture bond that matures in 15 years and pays $10,500 a year in interest if you wanted to e

Hoochie [10]

<span>Let's say you wanted to earn a yield of 8%. $210,000 x .31524 = $66, 200.4 +$10,500 x 8.55948 = $89, 874.54 Use the tables to find .31524 (which is 8% @ 15 periods for present value of 1) and 8.55948 (which is 8% @ 15 periods for present value of an ordinary annuity of 1) You would pay a total of $156, 074.94</span>

7 0

3 years ago