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Novay_Z [31]
2 years ago
13

If a​ one-year discount bond that pays $1,000 at​ maturity, is held for the entire​ year, and the purchase price is ​$965, then

the interest rate is ________%.
Business
2 answers:
denis23 [38]2 years ago
6 0

Answer:

3.6%

Explanation:

965x = 1000

x = 1.03626

That’s an interest rate of 3.6%.

e-lub [12.9K]2 years ago
5 0
3.6% is the answer to your problem you’re welcome
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I hope my answer helps you

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kicyunya [14]
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