document.write( "Question 1102781: suppose you buy a 5 year treasury bond face value 2,000 for a purchase of 1800. Assuming simple interest, what is the effective annual interest rate that you will earn when the bond matures? \n" ); document.write( "
Algebra.Com's Answer #717514 by jorel1380(3719) You can put this solution on YOUR website! 2000-1800=200 \n" ); document.write( "200/5=40 \n" ); document.write( "40/1800=0.02222222222222222222222222222222 or 2.22% effective annual yield \n" ); document.write( "☺☺☺☺ \n" ); document.write( " |