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Author Question: Daniel James lives in a state having a sales tax rate of 7. Daniel James crossed the state line into ... (Read 92 times)

Anajune7

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on: Jun 24, 2018
Daniel James lives in a state having a sales tax rate of 7. Daniel James crossed the state line into a state having a 4 sales tax rate to make a purchase in the amount of 4,564 . Compute the amount Daniel James saved in sales tax by purchasing in the neighboring state.

Question 2

An investor bought an 8 bond at 106 . The bond would mature in 5 years. Compute the rate of yield to maturity. (Do not consider commission. Round answer to two decimal places.)


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juwms

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Reply #1 on: Jun 24, 2018
Answer to Question 1

136.92

Answer to Question 2

6.6


Anajune7

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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