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 93 times)

shofmannx20 · **on:** Jul 10, 2018

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