2 years ago

What is 6.99 divided by .25

Mathematics

1 answer:

lora16 [44]2 years ago

5 0

Answer:

27.96

Step-by-step explanation:

Do long division

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Answer:

$= \frac{\frac{75}{100}\times 1000 + \frac{25}{100} \times \frac{60}{100}\times 1000 }{(1+\frac{15}{100})^3 }$

$=\frac{0.75\times 1000 + 0.25\times 0.60 \times 1000}{(1+0.15)^3}$

$=\frac{750+0.25\times 0.60\times 1000}{1.15^3} \\\\=\frac{750+150}{1.520875} =\frac{900}{1.520875} \\\\=591.76$

Step-by-step explanation:

= (probability of entire face value paid*face value+probability of entire face value not paid*percent of face value paid*face value)/(1+discount rate)^years to maturity

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probability of entire face value not paid = 25%

percent of face value paid= 60%

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