A corporate bond paying $4,000 after 36 weeks earns 0.02% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.)
A corporate bond paying $4,000 after 36 weeks earns 0.02% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.)
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 34A
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Investments Compute the specified quantity.
A corporate bond paying $4,000 after 36 weeks earns 0.02% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.)
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