Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
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Answer:
10.64%
Explanation:
For computing the realized yield, we applied the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $980
Future value or Face value = $1,054.36
PMT = 1,000 × 10% ÷ 2 = $50
NPER = 10 years × 2 = 20 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
After applying the formula, the realized yield is
= 5.32% × 2
= 10.64%
