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Author Question: Paula Jacobs lives in a state having a sales tax rate of 8. Paula Jacobs crossed the state line into ... (Read 56 times)

Zulu123

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on: Jun 24, 2018
Paula Jacobs lives in a state having a sales tax rate of 8. Paula Jacobs crossed the state line into a state having a 3 sales tax rate to make a purchase in the amount of 5,743 . Compute the amount Paula Jacobs saved in sales tax by purchasing in the neighboring state.

Question 2

Five 1,00 . bonds that pay interest at 9 semiannually on April 1 and October 1 were purchased July 10 at 92 . Calculate the total amount paid for the bonds. (Assume a 360-day year and a commission of 5 per bond.)


stallen

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

287.15

Answer to Question 2

4,750.00


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