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Mark Shaughnessy purchased a $4,250 bond at 91.50 that pays 7% interest. What was the cost of the bond?
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3 votes
Mark Shaughnessy purchased a $4,250 bond at 91.50 that pays 7% interest. What was the cost of the bond?

User BlakeTNC
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1 Answer

3 votes
Just do 91.50 times 0.07 and then add what you get to the 91.50. 
User Dudo
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