24-4m=42m-24+2
24+24-2=42m+4m
46=46m
m=1
Answer:
The semi-annually compounded nominal rate at that time is 7%
Step-by-step explanation:
In order to calculate the semi-annually compounded nominal rate at that time we would have use the following formula:
PV= FV/(1+r)^n
According to the given data we have the following:
PV=$167
FV=$1,000
n=30-year, and strip bond was traded four years after it was issued, hence, n=(30-4)*2 =52
Therefore, 167= $1,000/( 1+r)^52
167/$1,000 =1/(1+r)^52
0.167 =1/(1+r)^52
r =3.50%
Therefore, The semi-annually compounded nominal rate at that time=3.50%*2
The semi-annually compounded nominal rate at that time=7%
The semi-annually compounded nominal rate at that time is 7%
Answer:
Step-by-step explanation:
700(.04)(3)= $84
Answer:
20 units.
Step-by-step explanation:
To find the perimeter of a trapezoid, the formula is a + b + c + d
a = 1
b = 9
c = 5
d = 5
So, the perimeter is 20 units.
Hope this helped ^^
