A two-year bond has a maturity value of $5,000 and will pay a total of $1,750 interest over its lifetime. What is the annual interest rate rounded to the nearest 0.1%
r = __________ %
Correct Answer:
Verified
Q96: Calculate, to the nearest cent, the future
Q97: You are offered three investments. The first
Q98: A $8,200 loan, taken now, with a
Q99: If Brazil has an annual inflation rate
Q100: You invest $11,000 in Rapid Growth Funds,
Q102: Find the simple interest on a $18,800
Q103: Find the present value of an
Q104: You take out a 2-year, $5,000
Q105: Find the simple interest on a $2,000
Q106: A $6,000 loan, taken now, with a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents