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Mathematics Clinic => Other Maths => Topic started by: jrubin on May 5, 2020

Title: Suppose you purchase an eight-year bond for $5000. The face value of the bond when it matures is ...
Post by: jrubin on May 5, 2020

Question 1

Suppose you purchase an six-year bond for $7200. The face value of the bond when it matures is $9144. Find the APR.
◦ 4%
◦ 4.75%
◦ 4.25%
◦ 4.5%
◦ 5%

Question 2

Suppose you purchase an eight-year bond for $5000. The face value of the bond when it matures is $6550. Find the APR.
◦ 4%
◦ %
◦ %
◦ 3.5%
◦ 3%

Title: Suppose you purchase an eight-year bond for $5000. The face value of the bond when it matures is ...
Post by: ebonylittles on May 5, 2020

Answer 1

4.5%

Answer 2

%

Title: Re: Suppose you purchase an eight-year bond for $5000. The face value of the bond when it matures is
Post by: Nakayladp on Mar 2, 2022

Thank you!