Ask a New Question

maria wishes to invest in bonds which pay 6% annual dividends. how much must she invest in order to receive $2,120 at the end of the first year?

1 answer

0.06x = 2,120

x = 2,120/0.06

x = $35,333.33

Ask a New Question or answer this question.

Similar Questions

Zach is planning to invest up to $50,000 in corporate and municipal bonds. The lest he will invest in corporate bonds is $6000
1. 2 answers
Government bonds do not pay very high interest rates. What advantages do they have for those who invest in them?(1 point) A. •
1. 1 answer
Aimee inherited $15,000. She chose to invest it in a series of municipal bonds, mutual funds, and money market accounts, which
1. 3 answers
To place your savings into different types of savings instruments is to _____.(1 point) Responses split invest split invest
1. 1 answer

more similar questions