SOLUTION: Compute the specified quantity. 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

Algebra ->  Finance -> SOLUTION: Compute the specified quantity. 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       Log On

I am not a specialist in Finance,


but my common sense says me write this equation


    x + 36*0.0004x = 4000


and find x from it


    x =  = 3943.22  dollars.    ANSWER