Ellah buys a discount bond for $920. When the bond matures, she redeems it for its face value of $1000. Ellah earned a interest rate on the bond. Enter your answer "as a percent, but without the percentage sign." If Ellah earned 99.99 percent interest, enter only 99.99 in the blank. Carefully follow all mathematical instructions.
Ellah buys a discount bond for $920. When the bond matures, she redeems it for its face value of $1000. Ellah earned a interest rate on the bond. Enter your answer "as a percent, but without the percentage sign." If Ellah earned 99.99 percent interest, enter only 99.99 in the blank. Carefully follow all mathematical instructions.
Chapter20: Monetary Policy
Section: Chapter Questions
Problem 3SQP
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Solve it correctly nd not use of the excel
Transcribed Image Text:Ellah buys a discount bond for $920. When the bond matures, she redeems it for its face value of
$1000. Ellah earned a
interest rate on the bond.
Enter your answer "as a percent, but without the percentage sign." If Ellah earned 99.99 percent
interest, enter only 99.99 in the blank. Carefully follow all mathematical instructions.
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