The face value on a bond is $25,000. It has a 25-year maturity and a 2.25% coupon. What is the annual interest paid to the bondholder?
a. $562.50
b. $14,062.50
c. $39,062.50
d. $1,562.50
e. $43,603.66
a. $562.50
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Find the expected value of the random variable.The random variable X is the number of houses sold by a realtor in a single month at the Sendsom's Real Estate office. Its probability distribution is given in the table.
A. 3.35 B. 3.60 C. 3.50 D. 3.40
Solve the system by substitution. If the system is inconsistent and has no solution, state this. If the system is dependent, write the form of the solution for any real number x. y = 13 - 3x2x + 9y = -8
A. (-5, -2) B. (5, -2) C. (5, 2) D. (-5, 2)
Find the limit of the function algebraically.
A. 1 B. -12 C. -6 D. Does not exist
Find a. If necessary, round your answer to the nearest hundredth.
A. 1.64 B. 0.52 C. 0.78 D. 2.32