Yes it is correct. You plotted the slope and initial rate value correctly and found the
point of intersection.
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Answer:
a the assumption is that after the 60% discount, the 20% will contribute to the old price, not the adjusted price
b this is incorrect because the 20% discount will be added on after the 60% discount has been used
c the 500 dollars would turn to 100 dollars
d 40
e it would be best to first apply the 60% coupon first over the 20% coupon
Answer:
B) $7.50
Step-by-step explanation:
Interest (I) = Principal (P) x Interest Rate (r) x Time (t, in years)
I = 125(.03)(2)
I = 7.5