Demetrius and Yosef are training for a race.
1 answer:
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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%
Given:
(2, 4) and (3, 3) are on the line.
To find:
The equation of line in point slope form.
Solution:
If a line passes through a point with slope m, then the point slope form of the line is
(2, 4) and (3, 3) are on the line. So, slope of the line is
The slope of a line is -1 and it passes through (2,4). So, an equation in point slope form is
Therefore, an equation of the line in point slope form is .