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Author Question: Devin purchased a $3500 bond paying 4.5% annual simple interest after graduating from college. It is ... (Read 112 times)


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Question 1

Suppose you borrow $8050 for a term of nine years at simple interest and % APR. How much is the total (principal plus interest) you must pay back on the loan?
◦ $260.82
◦ $2608.20
◦ $10,658.20
◦ $8310.82
◦ $8078.98

Question 2

Devin purchased a $3500 bond paying 4.5% annual simple interest after graduating from college. It is now 35 years later and he decides to cash in the bond. What is the value of this bond now? Round your answer to the nearest dollar.
◦ $8632
◦ $5513
◦ $3537
◦ $9013
◦ $16,336

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Marked as best answer by tiffannnnyyyyyy on May 5, 2020


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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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