The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 3 8 7 Annual Rate (%) 3.40 3.00 4.25 6.15 5.15 2.50 If the General Electric bonds you purchased had paid you a total of $8,680 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.)
The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 3 8 7 Annual Rate (%) 3.40 3.00 4.25 6.15 5.15 2.50 If the General Electric bonds you purchased had paid you a total of $8,680 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 80E
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Question
The following table lists several corporate bonds issued during a particular quarter.
Company | AT&T | Bank of America |
General Electric |
Goldman Sachs |
Verizon | Wells Fargo |
---|---|---|---|---|---|---|
Time to Maturity (years) |
10 | 10 | 2 | 3 | 8 | 7 |
Annual Rate (%) |
3.40 | 3.00 | 4.25 | 6.15 | 5.15 | 2.50 |
If the General Electric bonds you purchased had paid you a total of $8,680 at maturity, how much did you originally invest? (Round your answer to the nearest dollar.)
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