This topic contains a solution. Click here to go to the answer

Author Question: Leon's has a Don't Pay For One Year event on right now at the store, so you purchase an Italian, ... (Read 94 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
Leon's has a Don't Pay For One Year event on right now at the store, so you purchase an Italian, hand-stitched leather sofa. You will pay 1,267.99 for the sofa in one year. You have a savings account that pays 3 annual interest.
 
  How much must you deposit in your account today in order to have enough money to pay for the sofa in one year?
  A) 1,231.06
  B) 1,267.99
  C) 1,195.20
  D) 1,230.56
  E) 1,337.21

Question 2

Exotic bonds are ________ difficult to price than ordinary bonds and they attract ________ potential buyers.
 
  A) more; more
  B) less; more
  C) more; fewer
  D) less; fewer



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sokh

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

A

Answer to Question 2

Answer: C




shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jul 10, 2018
Wow, this really help


CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library