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Home Q & A Board Science-Related Homework Help Mathematics
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CountrySlim84 CountrySlim84
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6 months ago
A 30-year, $10,000 strip bond was originally issued at 5% compounded semiannually. Ten years later the original purchaser sold the bond at the prevailing market rate at that time which was 7% compounded semiannually. To the nearest dollar, how much profit did the original purchaser earn over the 10 years?

▸ $1,198

▸ $253

▸ $806

▸ $1,451

▸ $2,000
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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dorkiexcicidorkiexcici
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6 months ago
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$253
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CountrySlim84 Author
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6 months ago
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