Joaquim alvez purchases 32 bonds that mature in 2024 at 96.7. they have a coupon rate of 8.625%. find the effective interest rate rounded to the nearest tenth.

The coupon rate given to us is 8.625%.

To find the effective annual interest rate, we will have to use the following formula:

Where ER is the Effective Rate

r is the coupon rate in per unit

n is the number of months in a year.

Thus, if we apply the formula, we will get the effective rate to be:

In percentage, the effective rate is ER=8.974% and to the nearest tenth it is 9.0%.

use the power rule  

( a b ) n = a n b n

to distribute the exponent.

apply the product rule to  

3 x 2 y 3 . ( 3 x 2 ) 2 ( y 3 ) 2

apply the product rule to  

3 x 2 . 3 2 ( x 2 ) 2 ( y 3 ) 2

raise  

3

to the power of  

2 . 9 ( x 2 ) 2 ( y 3 ) 2 multiply the exponents in   ( x 2 ) 2

.

apply the power rule and multiply exponents,  

( a m ) n = a m n . 9 x 2 ⋅ 2 ( y 3 ) 2

multiply  

2   by   2 . 9 x 4 ( y 3 ) 2

multiply the exponents in  

( y 3 ) 2 .

apply the power rule and multiply exponents,  

( a m ) n = a m n . 9 x 4 y 3

⋅

2

multiply  

3   by   2 . 9 x 4 y 6

step-by-step explanation:

4 puzzles in 3 hours

step-by-step explanation: