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In April 1868 , an entrepreneur issued $1000 bonds (to pay for an access road in a city). The bonds carried a 7% annual interest
In April 1868 , an entrepreneur issued $1000 bonds (to pay for an access road in a city). The bonds carried a 7% annual interest rate payable semiannually. The entrepreneur paid the interest until April 1873, at which time the city assumed responsibility for the bonds (and the road they financed). (a) The first of these bonds matured in April 2003. At that time, how much interest had the city paid on this bond? (b) Another of these bonds will not mature until April 21321 At that time, how much (a) The city had paid \$ on the bond that matured in April 2003 (b) The city will have paid \$ on the bond that will mature in April 2132
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