sammie4982 sammie4982
  • 10-06-2021
  • Business
contestada

If a​ one-year discount bond that pays $1,000 at​ maturity, is held for the entire​ year, and the purchase price is ​$965, then the interest rate is ________%.

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jamietakash1
jamietakash1 jamietakash1
  • 10-06-2021

Answer:

3.6%

Explanation:

965x = 1000

x = 1.03626

That’s an interest rate of 3.6%.

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adamsdouglases adamsdouglases
  • 10-06-2021
3.6% is the answer to your problem you’re welcome
Answer Link

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