A corporate bond paying $3,000 after 24 weeks earns 0.02% simple interest per week. How much...

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A corporate bond paying $3,000 after 24 weeks earns 0.02% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.) Compute the specified quantity. Your total payment on a 3 year loan, which charged 7.5% annual simple interest, amounted to $60,760. How much did you originally borrow (in dollars)? (Round your answer to the nearest cent.) $ A corporate bond paying $3,000 after 24 weeks earns 0.02% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.) Compute the specified quantity. Your total payment on a 3 year loan, which charged 7.5% annual simple interest, amounted to $60,760. How much did you originally borrow (in dollars)? (Round your answer to the nearest cent.) $

Answer rating: 100% (QA)

Lets call the cost to buy the bond P We can use the formula for simple interest to solve for P Simpl... View the full answer