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Author Question: A loan worth $4500 collects simple interest each year for 12 years. At the end of that time, a total ... (Read 115 times)

jwb375

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on: May 5, 2020

Question 1

Suppose you purchase a 10-year U.S. savings bond with an APR of %. The face value of the bond is $8000. Find the purchase price of the bond.
◦ $6530.61
◦ $6527.28
◦ $6464.65
◦ $6400
◦ $6403.20

Question 2

A loan worth $4500 collects simple interest each year for 12 years. At the end of that time, a total of $7605 is paid back. Determine the APR for this loan.
◦ 4.25%
◦ 5.5%
◦ 4.5%
◦ 5%
◦ 5.75%
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by jwb375 on May 5, 2020

verrinzo

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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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jwb375

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Reply 2 on: May 5, 2020
YES! Correct, THANKS for helping me on my review

mochi09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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