Ask your own question, for FREE!
Mathematics 7 Online
Madden1758:

Lily Adams purchased a $1,000 bond at 70. The bond pays 4%. What was the cost of the bond? What was the annual interest? What is the yield (to the nearest tenth of a percent)?

jaluhhh:

Cost = Face Value * Percentage Yield = Annual Interest /Cost Annual interest is 40

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!