Question

First, the bond pays
83+9t per year for 10 years.
Second, the interest rate is 3.25% compounded continuously. Round your answer to the nearest cent.

Answer 1

hm
thats fairly 'simple'

but i still have to look it up

Answer 2

ok thank you.

Answer 3

im here too!!

Answer 4

you just have to use this formula
Po(1+k)^n
but i think you dont have enough info
do you have any other info for the question?

Answer 5

no its in my webwork

Answer 6

hm ok, just take (89+9t)^10 then

Answer 7

mabye

Answer 8

cmon

are you sure you dont have the bond amount?

Answer 9

nope that was the question i was given

Answer 10

thats the exact wording? it starts with First... and doesn't even say second later?

Answer 11

no it says Second, the interest rate is 3.25% compounded continuously. Round your answer to the nearest cent

Answer 12

and theres nothing before First?

Answer 13

nothing

Answer 14

well could you help me with another question instead please? If you have the time

Answer 15

you wish to have $21000 in 8 years and that the account
earns 3.25% compounded continuously. Round your answer to the
nearest cent. I put 21000/e^(.0325(8))

Answer 16

is this wrong?

Answer 17

no, its good

Answer 18

did you want another way to do it?

Answer 19

brdixon?
can you please copy the very start of the question to the end of it?
cause a question that starts with the first word as First something something is obviously incomplete.

Answer 20

yeah there has to be something wrong with the website then bc thats the answer i typed and it told me i was wrong for the second question i asked

Answer 21

please take a picture of the questionn and post it here

Answer 22

i dont have a camera.

Answer 23

sorry

Answer 24

the computer will do it for you
are you using windows? or on a mac? or antoher thing...

Answer 25

dell

Answer 26

ok, so open mspaint
its a program in accessories in the start menu

Answer 27

will this work for an old laptop?

Answer 28

yeah shoudl do

can you find the prntscrn key on your keyboard?

Answer 29

yup!

Answer 30

found mspaint as well

Answer 31

ok, now go to the question, press the print screen button

then go to paint, and press ctrl+v at the same time

then save the picture

then tell me when you got through that :)

Answer 32

done and done! Wow you learn something new everyday!

Answer 33

once you save that, you can 'attach file' just below this text box, so do that, find the file, double click on the file and it'll show up here, so then i can look at it
BAM good work

Answer 34

:) thanks!

Answer 35

ok see i was missing something in the question

what is 6.3 in your text book?

Answer 36

just problem 6... not the whole section.

Answer 37

it just says the same thing with different numbers. The question in the book says a bond is guaranteed to pay 100 + 10t dollars per year for 10 years, where t is in years from the present. Find the present value of this income stream, given an interest rate of 5%, compounded continuously

Answer 38

but you need a starting value.... you can't just say that, and assume a starting value of 0 because zero in your bank account with interest will only ever be zero

Answer 39

thats why im confused...

Answer 40

urgh well another problem? Sorry this is assignment is due tomorrow. Last minute I know but ive been very busy.

Answer 41

this question is ridiculous then

just go onto the next one, and email your lecturer, or teacher

and explain the problem.... dont worry, i do plenty of problems last minute.

Answer 42

i have half of them done and half of them I cant get.

Answer 43

im actually glad i found this website because im not always in town and i cant always go to office hours.

Answer 44

but ok next question

Answer 45

yeah its awesome hey,... i mean im in australia and i dont think anyone else from here has helped me as much as this site.

Answer 46

please just ask it here

Answer 47

thanks i just did this again since it was easier.

Answer 48

yay i was hoping you would.

Answer 49

what kind of mahts is this?

grade 11? or something?

Answer 50

haha no freshman class in college actually

Answer 51

calculus

Answer 52

Im glad you think its easy though!

Answer 53

oh, thats what im doing

Answer 54

;)

Answer 55

yeah so i dont think i can answer that question

Answer 56

ahhh ok

Answer 57

but i might
just give me asec

Answer 58

try 2030 in the answer box

Answer 59

nope :( thats ok

Answer 60

hopefully he will give me more time

Answer 61

and maybe actually email me some notes

Answer 62

would you like to try another?

Answer 63

30?

Answer 64

nope

Answer 65

i give up sorry... i did and failed :(

Answer 66

thanks anyways. Appreciate it