pageantperfectp1zglk pageantperfectp1zglk
  • 03-01-2018
  • Mathematics
contestada

Clarissa Finley purchased a $1,000 bond at a quoted price of 80.25. The bond pays interest at a rate of 6.5%. What is the annual yield?

Respuesta :

Ivka93
Ivka93 Ivka93
  • 14-01-2018
Clarissa Finley purchased a 1,000 bond at a quoted price of $80.25:
1000*80.25$=$80250
$80250:100%=$x:6.5%
100*x=80250*6.5, x=$5216.25
The annual yield is $5216.25.

Answer Link
melwillis18
melwillis18 melwillis18
  • 25-03-2021

Answer:

8.1 %

Step-by-step explanation:

Answer Link

Otras preguntas

Why was is difficult for the Arab people to form one nation?
How do you Factor c(squared)-8c ??
If Walt can paint 25 feet of fence in an hour, and Joe can paint 35 feet in an hour, how many minutes will it take them to paint a 150-foot fence, if they work
Jim’s allowance is $1.20 per week. Stan’s is 25¢ per day. How long will they have to save, if they save both their allowances together, before they can get a m
you measure or observe two events to occur at the same time one nearby and one further away. Which one did you actually see first?
Why was is difficult for the Arab people to form one nation?
The height of a rectangular prism with a 20 cm by 12 cm base and a 30 cm diagonal.find the unknown dimension
“The genetic code is universal.” Explain this statement.
Why was is difficult for the Arab people to form one nation?
Determine whether the sequence coverage or diverges. If it converges, give the limit. 48, 8, 4/3, 2/9, ...