Bond Dollar price and interest Rate formula is: Interest rate(R) =Face Value - Initial Price/ Initial Price Joe bought a bond at $8000 the current face value is $10,000. Compute the interest and show math.

Bond Dollar price and interest Rate formula is: Interest rate(R) =Face Value - Initial Price/ Initial Price Joe bought a bond at $8000 the current face value is $10,000. Compute the interest and show math.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.5: Rational Expressions

Problem 76E: Finance The formula that approximates the annual interest rate r of a monthly installment loan is...

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Bond Dollar price and interest Rate formula is:

Interest rate(R) =Face Value - Initial Price/ Initial Price

Joe bought a bond at $8000 the current face value is $10,000. Compute the interest and show math.

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