document.write( "Question 1179799: Investments Compute the specified quantity.
\n" ); document.write( "A corporate bond paying $4,000 after 36 weeks earns 0.04% simple interest per week. How much did it cost to buy? (Round your answer to the nearest cent.) \n" ); document.write( "

Algebra.Com's Answer #850148 by ikleyn(52879) $\"\"$ $\"About$

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\n" ); document.write( "Compute the specified quantity.
\n" ); document.write( "A corporate bond paying $4,000 after 36 weeks earns 0.04% simple interest
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document.write( "Let x be its cost to buy now.\r\n" );
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document.write( "From the problem, you have this equation\r\n" );
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document.write( "    4000 = X*(1+0.0004*36),\r\n" );
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document.write( "or, which is the same,  \r\n" );
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document.write( "    4000 = X*1.0144.\r\n" );
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document.write( "From the last equation, you find the cost to buy now\r\n" );
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document.write( "    X =  = 3943.22  dollars.    ANSWER\r\n" );
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document.write( "CHECK.  3943.22 + 3943.22*0.0004*36 = 4000.002.   ! correct !\r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved.\r
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\n" ); document.write( "\n" ); document.write( "You may buy cheaper - then you will have a profit.\r
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\n" ); document.write( "\n" ); document.write( "If you buy for more expensive price, you will lose.\r
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