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

What's the other term for: one who overindulges in food and drink
name a metal that doesn't conduct electricity
What's the other term for: explosive or changing very quickly
Which expression is equivalent to 27/125
why dog pants during summer use the cocept of evaporation
explain in steps how to graph this linear inequality 2x+3y > -2
I figured out the 1st question but I do not understand the second one...please show me step by step! Thank you!
How do we use the Pythagoras theorem in "everyday life".
What's the word for looking down on others; proud and scornful
what we need to become success