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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.) $

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...
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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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