For this problem, we use the Fundamental Counting Principle where it states that if an event has n possible outcome and another independent event has m outcomes then there will be nm total possible outcome. Therefore, there are 3x4x3 = 36 possible different lunch John can make.
B is correct because -6.75 is smaller than -6.5
Answer:
2/8 < 7/8
Step-by-step explanation:
Since the denominators are the same, we compare the numerators
2<7 so
2/8 < 7/8
Answer:
The yield to maturity is 6.3974%
Step-by-step explanation:
The computation of the yield to maturity is as follows
Given that
NPER = 18 × 2 = 36
PMT = $1,035.25 × 6.50% ÷ 2 = $33.65
PV = $1,035.25
FV = $1,000
The formula is shown below:
=RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
AFter applying the above formula, the yield to maturity is
= 3.1987% × 2
= 6.3974%
Hence, the yield to maturity is 6.3974%