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

6 more than five times a number x is at least 21
Relate the statement you can't get something for nothing to the law of conservation of mass
Is magnesium a element compound or mixture
How do you simplify 28/50?
which do you think would be warmer on a winter day when there is no wind a thick forest or a grassy field? explain your answer
Which genre uses narrative techniques to recount personal experience and development?
Which event in China is symbolized by the lady with the light in this 1989 cartoon?
If a sphere has a radius of 2 cm, what is the approximate surface area of the sphere
What are three different factorizations of the number 16. Do not is 1 as a factor
ed is using the recipe shown to make fruite salad 4 bananas diced 3 apples diced 6 pears diced 10 strawberries diced he wants to use 30 diced strawberries in hi