The cost of the bond was 90/100 times $5,000, that is, $4,500 total.
<span>The annual interest is 5% of $5,000, that is, $250. </span>
<span>The current yield is 5% divided by (90/100), that is 5.555%; round to 5.6% as instructed. </span>
<span>The yield that real bond buyers would be more interested in is the yield to maturity, but this cannot be calculated without knowing the term (number of years). If it's a short term bond that will pay you back $5,000 in just a few years, that would add several percent to the yield, but if it's a 15-year bond the growth of the $4,500 to $5,000 adds only a fraction of 1% to the yield.</span>
Answer:
within ±1.96 standard deviations of the sample mean
Step-by-step explanation:
A 95% confidence interval is found using the formula C = 1 - α, and some other stuff, but let's focus on that for now. Using the formula:
.95 = 1 - α
α = .05
If α = .05, that means a 2-sided confidence interval would be found using the sample mean and the Z-score Z(subscript α/2), or Z.₀₂₅ because α AKA .05 divided by 2 = .025. From there, you take this either to your calculator or a Z-table (or perhaps you have a chart that lists the common CI values), and see that for the area to be .025 beneath a standard normal curve, your Z value is ±1.96 ("plus or minus" because we're considering a 2-sided confidence interval).
We are not given tables, so will just use the amortization formula.
where
P=amount to be deposited today, to be found
A=amount withdrawn each year=18000
i=Annual interest=9%
n=number of years = 20
Substituting values,
=164313.82 to the nearest cent
Answer:
g+13=2g-5
One solution was found :
g = 18
Rearrange:
Rearrange the equation by subtracting what is to the right of the equal sign from both sides of the equation :
g+13-(2*g-5)=0
Step by step solution :
Step 1 :
Solving a Single Variable Equation :
1.1 Solve : -g+18 = 0
Subtract 18 from both sides of the equation :
-g = -18
Multiply both sides of the equation by (-1) : g = 18
One solution was found :
g = 18
Step-by-step explanation:
