TwNai7548 TwNai7548
  • 13-06-2024
  • Business
Answered

You purchased a 25-year $40,000 face value strip bond for $18,000 when it had 20 years left until maturity. What semi-annually compounded rate of return did you earn on your investment?



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Find the pattern:  3*4 = 6 4*7 = 8 8*4 = 8 1*3 = 2  Now complete:  5*5 =    6*2 =