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Q 10.25: Bernard is planning to purchase a $3,000 bond. He has narrowed his options down to four companies. Which bond would be the best
Q 10.25:
Bernard is planning to purchase a $3,000 bond. He has narrowed his options down to four companies. Which bond would be the best for Bernard to purchase based on annual rate?
- A:five-year bond with annual interest of $225
- B:three-year bond with an annual rate of 7.2%
- C:10-year bond with annual interest of $207
- D:eight-year bond with total interest of $1,500
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Bookkeeping All In One For Dummies
Authors: Consumer Dummies
1st Edition
1119094216, 978-1119094210
