Answer:
The yield to maturity is 6.3974%
Step-by-step explanation:
The computation of the yield to maturity is as follows
Given that
NPER = 18 × 2 = 36
PMT = $1,035.25 × 6.50% ÷ 2 = $33.65
PV = $1,035.25
FV = $1,000
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
AFter applying the above formula, the yield to maturity is
= 3.1987% × 2
= 6.3974%
Hence, the yield to maturity is 6.3974%
Answer:
The term angle of elevation denotes the angle from the horizontal upward to an object. An observer's line of sight would be above the horizontal. The term angle of depression denotes the angle from the horizontal downward to an object. An observer's line of sight would be below the horizontal.
Step-by-step explanation:
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Answer:
Step-by-step explanation:
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