Investments Compute the specified quantity. A corporate bond paying $2,000 after 24 weeks earns 0.05% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.) ×

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 21E
icon
Related questions
Question
Investments Compute the specified quantity.
A corporate bond paying $2,000 after 24 weeks earns 0.05% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.)
×
Transcribed Image Text:Investments Compute the specified quantity. A corporate bond paying $2,000 after 24 weeks earns 0.05% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.) ×
Expert Solution
steps

Step by step

Solved in 1 steps

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University