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Nutka1998 [239]
2 years ago
8

On January 1, year 1, Klondike issued 10-year bonds with a stated rate of 10% and a face amount of $100,000. The bonds pay inter

est annually. The market rate of interest was 12%. Calculate the issue price of the bonds. Round your answer to the nearest dollar. $93,643
Mathematics
2 answers:
Nataliya [291]2 years ago
4 0

Answer:

91,000

Step-by-step explanation:

Andrej [43]2 years ago
3 0

Answer: $88700

Step-by-step explanation:

Coupon interest = $100000*10% = $10000

To calculate the issue price we will have to discount all the coupon payments and the face amount using 12%.

To discount coupon payments we will use the formula of present value of ordinary annuity:

PV = PMT×(1-(1/(1+i)^n)/i

where;

PMT = coupon payment = $10000

i = Interest rate which is to be used to discount = 12%

n = no. or periods = 10 years

PV = $56502.23

And present value of face amount = $100000/(1.12)^10 = $32197.32

Issue price = $56502.23 + $32197.32

= $88699.55 ≈ $88700

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Mark is making a decoration for a rally, using a string of triangular strips. Each strip is an isosceles triangle when flattened
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Solution:

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Case 1. When two equal angles are of 70°

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Keeping in mind , that sum of Interior angles of Triangle is 180°.

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140° +x= 180°

x= 180°- 140°

x= 40°

Case 2:

When an angle measures 70°, and two equal angles measure x°.

Keeping the same property of triangle in mind, that is sum of interior angles of triangle is 180°.

70° + x° + x° = 180°

⇒  70° + 2 x° = 180°

⇒ 2 x° = 180° -  70°

⇒ 2 x° = 110°

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1 year ago
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Step-by-step explanation:

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dusya [7]
Answer: 50 

Explanation: 

Since 5% of the values are missing, the expected number of records to be removed is interpreted as the expected value of the records to be removed whose probability of having missing values is 0.05. 

Hence, the number of records that are expected to be removed is given by

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2 years ago
A carpenter charges $720 for 18 hours of work. She charges the same amount of money for each hour of work. Which table shows the
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2 years ago
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