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saveliy_v [14]
3 years ago
5

Two bonds are available on the market as follows: Bond 1: Face value $250, 5 years to maturity at a simple interest rate of 5%.

Bond 2: Face value $350, 3 years to maturity at a simple interest rate of r. Given that both bonds yield the same interest at maturity, calculate r. Round your answer to the nearest hundredth of a percent. Do NOT round until you have calculated your final answer.
Mathematics
2 answers:
lorasvet [3.4K]3 years ago
7 0

Answer:

5.95%

Step-by-step explanation:

Lera25 [3.4K]3 years ago
4 0

Answer:

5.95%

Step-by-step explanation:

Bond 1:

I = 250(.05)5

I = $62.50

Bond 2:

62.5 = 350(3)r

62.5 = 1050r

r = 62.5/1050

r = 5.95%

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2 years ago
A presidential candidate plans to begin her campaign by visiting the capitals in 4 of 42 states. What is the probability that sh
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Answer:

P (She selects the route of four specific capitals) = \frac{1}{2686320}=(3.7226)10^{-7}

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Step-by-step explanation:

Let's start assuming that each route is equally likely to be chosen.

Assuming this, we can calculate P(A) where the event A is ''She selects the route of four specific capitals'' doing the following :

P(A) = Favourable cases in which the route of four specific capitals is selected / Total number of ways in 4 of 42 states

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42P4=\frac{42!}{(42-4)!}=\frac{42!}{38!}=2686320

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