A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on ...

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A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on ...

A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on October 8 at 104 plus accrued interest. What is the purchase payment for the bond?

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Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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