Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is $7868. Find the APR

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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Suppose a six-year bond is purchased for $5600. The face value of the bond when it matures is $7868. Find the APR

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