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Kendrick Campbell purchased a $25,000 municipal bond at a quoted price of 93.456 the bond pays annual interest at a rate of 3.7%. What is the annual interest?
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Nov 11, 2018
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Kendrick Campbell purchased a $25,000 municipal bond at a quoted price of 93.456 the bond pays annual interest at a rate of 3.7%. What is the annual interest?
Mathematics
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Ariel Kabov
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the interest is $925.
Athan
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Nov 17, 2018
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Athan
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