Issue price of ($ 1,000) pays (2.8 %) annually, matures in 5 years. Find: a. the return

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Issue price of $\$ 1,000$ pays $2.8 \%$ annually, matures in 5 years.

Find:

a. the return on investment and

b. the annual return for the bond described. Round to two decimal places.

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Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

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Question Posted: May 29, 2024 10:00 AM

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Issue price of ($ 1,000) pays (2.8 %) annually, matures in 5 years. Find: a. the return

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Contemporary Mathematics

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