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:
The student should have divided the discounted amount by the percent. The percent should have been written as a decimal.
Step-by-step explanation:
Answer:
Erin gets a result number of 5
Step-by-step explanation:
Assuming this is a 'word problem.' -- These are small numbers so you could use your hand for visual. :)
Start with 4 fingers up. (adding a negative to a positive is basically subtraction sooo...) put 3 fingers down. You now have one finger up. (subtracting a negative is just addition, think about taking those two minus signs and putting them together to get an addition sign.) now add 4 fingers to your one finger. You should be left with 5 fingers up!
Hope I helped. Hang in there, it will get easier!
Answer:
Therefore, we use the linear depreciation and we get is 17222.22 .
Step-by-step explanation:
From Exercise we have that is boat $250,000.
The straight line depreciation for a boat would be calculated as follows:
Cost boat is $250,000.
For $95,000 Deep Blue plans to sell it after 9 years.
We use the formula and we calculate :
(250000-95000)/9=155000/9=17222.22
Therefore, we use the linear depreciation and we get is 17222.22 .
Answer:
look at the picture above