Anne purchased a bond for a museum valued at 8000 for 2400


Anne purchased a bond for a museum valued at $8000 for $2400. If the bond pays 5.5% annual interest compounded monthly, how long must she hold it until it reaches its full face value?

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Finance Basics: Anne purchased a bond for a museum valued at 8000 for 2400
Reference No:- TGS02184464

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