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Author Question: A savings bond currently worth $7600 collects 5.5% annual simple interest each year. If the bond was ... (Read 319 times)

bclement10

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on: May 5, 2020

Question 1

Suppose you buy a $9000 savings bond that pays 4.75% annual simple interest. When you cash in the bond, you have to pay 16% federal taxes on the interest you earned. How much money would you net if you cash in the bond after six years?
◦ $11,565.60
◦ $10,915.20
◦ $10,440.70
◦ $13,275.30
◦ $11,154.60

Question 2

A savings bond currently worth $7600 collects 5.5% annual simple interest each year. If the bond was purchased seven years ago, how much was it bought for?
◦ $1381.81
◦ $11,780.00
◦ $5487.36
◦ $2673.21
◦ $4903.23
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by bclement10 on May 5, 2020

bookworm410

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Reply #1 on: May 5, 2020
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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bclement10

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Reply 2 on: May 5, 2020
Excellent

bitingbit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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