Calculation of interest
Question:
Given the following:bond value: 20,000maturity: 15 yearsrate: 7% (face value of $1,000)selling: at 92%semi annual paymentsWhat is the value of I (interest) when entered in a math calculator?
Now Priced at $20 (50% Discount)
Recommended (91%)
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What is the value of I (interest) when entered in a math calculator?
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