Answer :
Answer:
The answer is : $3,888.75
Step-by-step explanation:
Given is :
Mark Shaughnessy purchased a $4,250 bond at 91.50 that pays 7% interest.
Cost of the bond = [tex]4250\times0.915=3888.75[/tex]
So, the cost of the bond is $3888.75.
Answer:
The answer is : $3,888.75
Step-by-step explanation:
Given is :
Mark Shaughnessy purchased a $4,250 bond at 91.50 that pays 7% interest.
Cost of the bond = [tex]4250\times0.915=3888.75[/tex]
So, the cost of the bond is $3888.75.