11.5% Find the annual yield to the nearest tenth of one percent if the sell- ing price is $1,040 and the annual interest is $120. $970 Find the selling price of a $1,000 bond if the quoted price is 97. $210 Find the annual interest if the face value is $1,000 and the annual interest rate is 21%. 81 Write the value of 3^4.
Added by Alejandro M.
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To find the annual yield, we need to divide the annual interest by the selling price and then multiply by 100 to get the percentage. Annual Yield = (Annual Interest / Selling Price) * 100 Show more…
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