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BartSMP [9]
3 years ago
13

Principal, $3000 × annual interest rate, 5/2% × years​​,7/2

Business
1 answer:
dimulka [17.4K]3 years ago
8 0

Answer:

$262.5

Explanation:

p=$3000

R=5/2%

T=7/2 years

hence ,

interest= p×t×r/100

= (3000×5/2×7/2)/100

= (30×35/4)

= (7.5 × 35)

=$262.5

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Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call pr
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