Robert Velasco planned to purchase furniture costing 29,900 . The sales tax in Robert Velasco's home state was 8. The sales tax in a neighboring state was 3. Delivery charge from the neighboring state would be 1,000 . Compute the amount Robert Velasco would save by purchasing furniture from the neighboring state.
Question 2
An investor bought a 7 bond at 82 . The bond would mature in 6 years. Compute the rate of yield to maturity. (Do not consider commission. Round answer to two decimal places.)
