Question

Investments Compute the specified quantity.
A corporate bond paying $5,000 after 18 weeks earns 0.06% simple interest per week. How much did it cost to buy? (Round your answer tu
the nearest cent.)

Answer 1

Answer:5,000.54

Step-by-step explanation:

0.06% of 5,000 is 0.3 and 0.3x18 equals 0.54 and 5,000+0.54=5,000.54