Answer:
66 x 1/11 = 6
or
66 x 0.09 = 6
So x = either 1/11 or 0.09
Answer:
The answer would be B 35.
Step-by-step explanation:
34 is closest to 35.
A would be the answer because Brain might not have been paying attention to the miles so he adds a to the 5 miles he walked the next week.
Answer:
Bond Price= $1,070.24
Step-by-step explanation:
Giving the following information:
Cupon= $80
Number of periods= 10 years
Face value= $1,000
Interest rate= 7%
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.07^-10)] / 0.07} + [1,000 / (1.07^10)]
Bond Price= 561.89 + 508.35
Bond Price= $1,070.24