Question: solve both 10. How long does it take for money to double at 8% compounded quarterly? 11. A $5000 bond bearing interest at 7% payable

solve both

10. How long does it take for money to double at 8% compounded quarterly? 11. A $5000 bond bearing interest at 7% payable semi-annually matures in 8 years. If it is bought to yield 6% compounded semi-annually, what is the purchase price of the bond

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