Solve the problem.Find the price (to the nearest cent) you should be willing to pay for the 5-year $15,000 bond with interest at 3.1% (compounded semiannually).
A. $12,861.51
B. $25,723.02
C. $11,053.62
D. $8219.51
Answer: A
Mathematics
You might also like to view...
Find all local extreme values of the given function and identify each as a local maximum, local minimum, or saddle point.
A. local maximim
B. saddle point;
C. saddle point
D. local minimum;
local minimum
Mathematics
Provide an appropriate response.Mentally divide by using powers of 10: 240 ÷ 10
A. 2.4 B. 24 C. 0 D. 2,400
Mathematics
Add or subtract. Write the answer in lowest terms. -
A.
B.
C.
D. 9
Mathematics
Write the ratio as a fraction in lowest terms. Be sure to make all necessary conversions.7 feet to 40 inches
A.
B.
C.
D.
Mathematics