This topic contains a solution. Click here to go to the answer
« previous next »

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 38 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
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


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
Reply #1 on: Jul 10, 2018
Answer to Question 1

A

Answer to Question 2

Answer: C


shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Jul 10, 2018
:D TYSM

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Three Tasmanian devils feeding. Eating is a social event for the Tasmanian devil, and groups of 2 to Three Tasmanian devils feeding. Eating is a social event for the Tasmanian devil, and groups of 2 to
Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p This engraving of the Boston Massacre (1770) became the most reprinted depiction of the event, and p
A basic principle of symbolic interactionism is that meaning is not inherent in an object or event, ... A basic principle of symbolic interactionism is that meaning is not inherent in an object or event, ...
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Chinese Dragon new year 2024 Chinese Dragon new year 2024
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library