Answer:
The total cost of the bond is none of the given choices.
Step-by-step explanation:
The selling price of a $1000 bond = $99.875
The brokerage fee = 5.5 %
Now, 5.5% of $99.875 =
So, the brokerage fee = $5.493
Now, to find out the total cost of the bond:
Total Cost = The selling Price + Brokerage Price
= $99.875 + $5.493
= $105.368
or, the total price of the $1000 bond is $ 105.368.
Hence, the total cost of the bond is none of the given choices.
Answer:
BC:BN=8:3
Step-by-step explanation:
ABCD is a trapezoid and there is a point m which belongs to AD such that AM:MD=3:5.Line "l" parallel to AB intersects the diagonal AC at p and BD at N.
Now, we know that the parallel lines divide the transversal into the segments with equal ratio, therefore, BN:NC=AM:MD
But, BC= BN+NC
Therefore, BC:BN=(BN+NC):BN
⇒BC:BN=(3+5):3
⇒BC:BN=8:3
Answer:
The monthly payment will be $531.12
Step-by-step explanation:
Consider the provided information.
After paying $5,000 down payment you need to pay:
$29,000-$5,000=$24,000
APR is 2.99% or APR = 0.299%
Therefore,
n = 48
We can calculate the monthly payment by using the formula:
Where P is the monthly payment, PV is the present value, r is the rate per period and n is the number of period.
Substitute the respective values in the above formula we get,
Hence, the monthly payment will be $531.12