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6. You purchase a 10 year municipal bond with a face value of $5,500 that has an APR of 5.2%. What is the purchase price
6. You purchase a 10 year municipal bond with a face value of $5,500 that has an APR of 5.2%. What is the purchase price of the bond? (6 points) Show the appropriate formula first. Next show the formula with values substituted and your final answer. 3. Tiran's credit card account has a billing cycle that starts on the 20 of each mo to the 19 of the next month. The APR for the card is 19.8%. His transactic periods 20 November - 19 December are below. Notice he made an online pay $200 on 10 November that was credited to his balance that same day. is on the 20 of each month and goes 9.8%. His transactions for the ade an online payment of Date Charee Previous Balance 11/20 11/26 12/08 12/12 Amount 5740.00 $100.00 $200.00 Online Charity PAYMENT Macy's $120.00 A. What is the Average Daily Balance for this billing cycle? (12 points) Fill out table below and show work. Period of Month Balance Number of Days B. What is the Finance Charge for this billing cycle? (5 points) C. What is the balance on his account at the end of the cycle? (3 points)
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