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If a one-year bond is purchased for $400 and the interest rate is 8 percent, what will it pay in one year?

nyounger

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4 years ago

If a one-year bond is purchased for $400 and the interest rate is 8 percent, what will it pay in one year?

If a one-year bond is purchased for $400 and the interest rate is 8 percent, what will it pay in one year?

▸ $48

▸ $368

▸ $400

▸ $432

Textbook

Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools

Edition: 7^th

Authors: O'Sullivan, Sheffrin, Perez

Read 90 times

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Kailz1218

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nyounger Author

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4 years ago

This helped my grade so much Perfect

Perfect

courtneyrmcd

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Thanks for your help!!

Ivansitospeed@g

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2 hours ago

Correct

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