Question: Les buys a bond for $ 5 , 0 0 0 . Every year that he holds the bond, he will receive interest payments of

Les buys a bond for $5,000. Every year that he holds the bond, he will receive interest payments of $250. The interest rate on the bond
Multiple Choke
is 2 percent.
is 5 percent.
is 20 percent.
cannot be determined.
Les buys a bond for $5,000. Every year that he holds

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