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%
If you are -$8000 one month, the next month you need to make 8000 to break even.
April net profit must be +$8,000 to break even.
I know this ...... it is false
The domain is {0≤x≤200}.
This is because the domain is x, the number of cakes. The smallest number of cakes she can bake is 0.
Since she is buying enough materials to make 200 cakes, this number is the largest number of cakes she can bake.