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Consider the following. My recent marketing idea, the Miracle Algae Growing Kit, has been remarkably successful, with monthly sales growing by 7% every 6 months over the past 4 years. Assuming that I sold 100 kits the first month, how many kits did I sell in the first month of this year? Determine the following values given that FV = PV(1 + i)", where FV and PV are measured in kits and time is measured in 6 month periods. PV = i = n = Solve for FV. (Round your answer to the nearest whole number.) FV = How many kits did I sell in the first month of this year? kits The following table lists several corporate bonds being traded in the third quarter of 2021. Treat these as zero coupon bonds, as in Example 2. Company Time to Maturity (years) Annual Yield (%) Alphabet AT&T Ford 19 2.544 10 7 3.045 3.258 Goldman Sachs 4 1.836 Verizon 6 1.551 Wells Fargo 5 2.486 If you paid a total of $8,686.27 for Alphabet bonds, what is their maturity value? (Round your answer to the nearest dollar.) $

Consider the following. My recent marketing idea, the Miracle Algae Growing Kit, has been remarkably successful, with monthly sales growing by 7% every 6 months over the past 4 years. Assuming that I sold 100 kits the first month, how many kits did I sell in the first month of this year? Determine the following values given that FV = PV(1 + i)", where FV and PV are measured in kits and time is measured in 6 month periods. PV = i = n = Solve for FV. (Round your answer to the nearest whole number.) FV = How many kits did I sell in the first month of this year? kits The following table lists several corporate bonds being traded in the third quarter of 2021. Treat these as zero coupon bonds, as in Example 2. Company Time to Maturity (years) Annual Yield (%) Alphabet AT&T Ford 19 2.544 10 7 3.045 3.258 Goldman Sachs 4 1.836 Verizon 6 1.551 Wells Fargo 5 2.486 If you paid a total of $8,686.27 for Alphabet bonds, what is their maturity value? (Round your answer to the nearest dollar.) $

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Consider the following. My recent marketing idea, the Miracle Algae Growing Kit, has been remarkably successful, with monthly sales growing by 7% every 6 months over the past 4 years. Assuming that I sold 100 kits the first month, how many kits did I sell in the first month of this year? Determine the following values given that FV = PV(1 + i)", where FV and PV are measured in kits and time is measured in 6 month periods. PV = i = n = Solve for FV. (Round your answer to the nearest whole number.) FV = How many kits did I sell in the first month of this year? kits
Transcribed Image Text:Consider the following. My recent marketing idea, the Miracle Algae Growing Kit, has been remarkably successful, with monthly sales growing by 7% every 6 months over the past 4 years. Assuming that I sold 100 kits the first month, how many kits did I sell in the first month of this year? Determine the following values given that FV = PV(1 + i)", where FV and PV are measured in kits and time is measured in 6 month periods. PV = i = n = Solve for FV. (Round your answer to the nearest whole number.) FV = How many kits did I sell in the first month of this year? kits
The following table lists several corporate bonds being traded in the third quarter of 2021. Treat these as zero coupon bonds, as in Example 2. Company Time to Maturity (years) Annual Yield (%) Alphabet AT&T Ford 19 2.544 10 7 3.045 3.258 Goldman Sachs 4 1.836 Verizon 6 1.551 Wells Fargo 5 2.486 If you paid a total of $8,686.27 for Alphabet bonds, what is their maturity value? (Round your answer to the nearest dollar.) $
Transcribed Image Text:The following table lists several corporate bonds being traded in the third quarter of 2021. Treat these as zero coupon bonds, as in Example 2. Company Time to Maturity (years) Annual Yield (%) Alphabet AT&T Ford 19 2.544 10 7 3.045 3.258 Goldman Sachs 4 1.836 Verizon 6 1.551 Wells Fargo 5 2.486 If you paid a total of $8,686.27 for Alphabet bonds, what is their maturity value? (Round your answer to the nearest dollar.) $
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