William has a checking account balance of $783.47. He wrote a check to his credit card company for $442.65. What is Williams new
checking account balance?
1 answer:
Answer:
William's new balance is $340.82
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Answer:
r = 6.00%
Explanation:
given data:
bond price = $747.25



1.33824 =(1+r)^5
taking log on both side
5 ln (1+r)= ln 1.33824

ln (1+r) = .05827

1+r =1.06
r=0.06
r = 6.00%