Question
A 5 year bond costs $10,000 and will pay a total of $4,000 in interest over its lifetime. What is its annual interest rate r
A 5 year bond costs $10,000 and will pay a total of $4,000 in interest over its lifetime. What is its annual interest rate r (as a percent)? (Round your answer to three decimal places.)
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Labor and Employment Law Text and Cases
Authors: David Twomey
15th edition
1133188281, 978-1133711841, 1133711847, 978-1285247632, 978-1133188285
