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Suppose you invest in a bond with an issue price of $ 5 , 5 0 0 that pays 3 . 4 % simple interest
Suppose you invest in a bond with an issue price of $ that pays simple interest annually
and matures in years. Find:
A the amount paid each year in interest payments.
B The total amount received at the end of the time period.
C the total amount earned in interest only
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