Mathematics, 09.02.2021 14:00 shahfaisal

Emily purchased a bond valued at $10,000 for highway construction for $4,080. If the bond pays 6.1% annual interest compounded monthly,
how long must she hold it until it reaches its full face value?
She must hold onto the bond for how many years?

Answers: 3

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Emily purchased a bond valued at $10,000 for highway construction for $4,080. If the bond pays 6.1%...

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More questions: Mathematics Another questions

Emily purchased a bond valued at $10,000 for highway construction for $4,080. If the bond pays 6.1% annual interest compounded monthly, how long must she hold it until it reaches its full face value? She must hold onto the bond for how many years?

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Another question on Mathematics

Emily purchased a bond valued at $10,000 for highway construction for $4,080. If the bond pays 6.1% annual interest compounded monthly,
how long must she hold it until it reaches its full face value?
She must hold onto the bond for how many years?