Answer:
(n/4) - 5 = 2(n-14)
Step-by-step explanation:
let the number be n
"25% of n" : (25/100)n = n/4
"Five less than 25% of n" : (n/4) - 5
"difference between the number and 14" : n - 14
" twice the difference between the number and 14" : 2(n-14)
Assembling all the parts:
(n/4) - 5 = 2(n-14)
answer is $4,976.40
example $2,200 x 0.0435 x 52 = $4, 976.40
Answer:
Bond Price= 1,892.73
Step-by-step explanation:
Giving the following information:
Par value= 1,600
Cuopon= 1,600*0.045= 72
YTM= 3.2%
Number of years (n)= 19
<u>To calculate the price of the bond, we need to use the following formula:</u>
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 72*{[1 - (1.032^-19)] / 0.032} + [1,600 / (1.032^19)]
Bond Price= 1,013.29 + 879.44
Bond Price= 1,892.73
BEDMAS
18-2*(4+3)
= 18-2*(7)
= 18-14
= 4