A $500 bond matures on March 1, 2022. Interest is 6% payable semi-annually. Find the purchase price

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A $500 bond matures on March 1, 2022. Interest is 6% payable semi-annually. Find the purchase price of the bond on September 1, 2016, to yield 7.5% compounded semi-annually.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:12 AM

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A $500 bond matures on March 1, 2022. Interest is 6% payable semi-annually. Find the purchase price

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FV 50000 PMT 50000003 1500 i 375 The purchase d...View the full answer

Contemporary Business Mathematics with Canadian Applications

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