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Hal Fritz purchased a $4,000 bond at 90. The annual interest is 5%. What was the cost of the bond? What was the annual interest? What is the yield (to nearest tenth of a percent)?

Respuesta :

5.13 will be the annual interest rate.
 
hollister82

Answer:

4,000×(90÷100)

=3,600

0.05×4,000

=200

0.05÷(90÷100)

=0.056×100=5.6%

Step-by-step explanation:

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