Part 1
Total paid
=cost of the bond+commission
Total paid
32×96.7+32×10=3,414.4
Part 2
Annual interest
32×96.7
=3,094.4
3,094.4×0.08625
=266.892...Annual interest
Part 3
The effective interest rate
((1+0.08625÷12)^(12)−1)×100
=8.974%
The second choice for the first problem and the third choice for the second problem
Distribution of properties
If you mean 12x by “1and2x”. it’s 9x - 5y = 0.
If it’s 1x and 2x it’s y= 2/5x^2 -3/5x, x
