MATH LOVERS THAT KNOW HOW TO WORK BONDS!!!!
PLEASE HELP WILL MARK BRAINILIEST!!!!!!
John Investor purchased a $10,000 bond at 80. The annual interest is 4%.
What was the cost of the bond? $
What was the annual interest? $
What is the yield (to the nearest tenth of a percent)? %
Bob Adams purchased a $1,000 bond at 67. The bond pays 4%.
What was the cost of the bond? $
What was the annual interest? $
What is the yield (to the nearest tenth of a percent)? %
Allen Stewart purchased a $2,000 bond at 110. The bond pays 6%.
What was the cost of the bond? $
What was the annual interest? $
What is the yield (to the nearest tenth of a percent)? %
John Hendrix purchased a $5,000 bond at 120. The bond pays 7%.
What was the cost of the bond? $
What was the annual interest? $
What is the yield (to the nearest tenth of a percent)? %
Fred Jones purchased 5 $1,000 bonds at 92. The bonds pay 7%.
What was the cost of the bonds? $
What was the total annual interest? $
What is the yield (to the nearest tenth of a percent)? %
Thanks sooooooo much!!!!!!!!!!!!!
Answers
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Found cost of bond , interest and yield
Step-by-step explanation:
John Investor purchased a $10,000 bond at 80. The annual interest is 4%.
What was the cost of the bond? = (80/100)×10000 = 8000 $
What was the annual interest? = (4/100)×10000 =400 $
What is the yield (to the nearest tenth of a percent)? =(400/8000)×100 = 5%
Bob Adams purchased a $1,000 bond at 67. The bond pays 4%.
What was the cost of the bond? = (67/100)×1000 = 670 $
What was the annual interest? = (4/100)×1000.= 40$
What is the yield (to the nearest tenth of a percent)? = (40/670)× 100 = 5.97 %
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