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A $1,000 bond with interest at 9% on March 1 and September 1 was purchased on November 4 at 107 plus ...
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A $1,000 bond with interest at 9% on March 1 and September 1 was purchased on November 4 at 107 plus ...
A $1,000 bond with interest at 9% on March 1 and September 1 was purchased on November 4 at 107 plus accrued interest. Compute the entire purchase cost of the bond. (Assume a 360-day year and a commission of $5 per bond.)
Textbook
Contemporary Business Mathematics for Colleges
Edition:
16
th
Authors:
Deitz, Southam
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atomicyoyo
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This helped my grade so much
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Brilliant
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Thanks for your help!!
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