Question
What is the 11th installment of a bond with equal payments that is paid off annually if the interest rate is 6%, the principal is
What is the 11th installment of a bond with equal payments that is paid off annually if the interest rate is 6%, the principal is 3 million and the bond is for 20 years.
A) Between 100,000 and 120,000
B) Between 140,000 and 160,000
C) Between 250,000 and 270,000
D) None of the above is true
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Financial Adulting Everything You Need To Be A Financially Confident And Conscious Adult
Authors: Ashley Feinstein Gerstley
1st Edition
1119817307, 9781119817307
