Suppose a sixsix​-year bond is purchased for ​$54005400. The face value of the bond when it matures is ​$74257425. Find the APR.       Question content area bottom Part 1 The​ bond's APR is 4.94.9​%

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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Suppose a
sixsix​-year
bond is purchased for
​$54005400.
The face value of the bond when it matures is
​$74257425.
Find the APR.
 
 
 

Question content area bottom

Part 1
The​ bond's APR is
4.94.9​%
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