The annual interest on a bond is 4 1/2% of its face value and amounts to $225.

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The annual interest on a bond is 4 1/2% of its face value and amounts to $225. What is the face value of the bond?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:19 AM

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The annual interest on a bond is 4 1/2% of its face value and amounts to $225. What is the face value of the bond?
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The annual interest on a bond is 4 1/2% of its face value and amounts to $225.

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Contemporary Business Mathematics with Canadian Applications

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