If Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The price of the bonds is: $1,039.11.
<h3>Price of the bonds</h3>
We would be making use of financial calculator to find or determine the price of the bonds (Present value) by inputting the below data:
N represent Number of years = 12 x 2 = 24
I represent Interest rate= 7.5 % / 2 =3.75 %
PMT represent Periodic payment= (8% x 1000) / 2 = $40
FV represent Future value= $1,000
PV represent Present value=?
Hence;
PV (Present value) = $1,039.11
Therefore if Renfro Rentals has issued bonds that have an 8% coupon rate ,payable semiannually. The price of the bonds is: $1,039.11.
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Is this all there is to the question????
Answer:
The lower confidence limit of the 95% confidence interval for the population proportion of Americans who were victims of identity theft is 0.0275.
Step-by-step explanation:
In a sample with a number n of people surveyed with a probability of a success of 
, and a confidence level of 
, we have the following confidence interval of proportions.
In which
z is the z-score that has a p-value of 
.
A 2003 survey showed that 14 out of 250 Americans surveyed had suffered some kind of identity theft in the past 12 months.
This means that 
95% confidence level
So 
, z is the value of Z that has a p-value of 
, so 
.
The lower limit of this interval is:
The lower confidence limit of the 95% confidence interval for the population proportion of Americans who were victims of identity theft is 0.0275.
