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Home Q & A Board Science-Related Homework Help Mathematics
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Zergnet Zergnet
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3 months ago
A $50,000 strip bond was discounted to $21,680. The market rate was 7.4% compounded semiannually. How much time was left before the bond reached maturity?

▸ 11.5 years

▸ 21.9 years

▸ 11.7 years

▸ 5.04 years

▸ 23 years
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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nalsaidynalsaidy
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3 months ago
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11.5 years
1

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Zergnet Author
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3 months ago
Thanks
mcraver1
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Yesterday
this is exactly what I needed
Fleury
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2 hours ago
This site is awesome
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