Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you are thinking about buying a savings bond. the

You are thinking about buying a savings bond. The bond costs $47 today and will...

80.2K

Verified Solution

Question

Accounting

You are thinking about buying a savings bond. The bond costs $47 today and will mature in 9 years with a value of $94. What annual interest rate will the bond earn?

The bond will earn an annual rate of __%. (Round to two decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

This is a list of some of the steps in the process of hearing a sound....

Statistics
1.2K views

A recent study found that 18 of all adult males did not visit their physicians...

Accounting
1.2K views

Kingbird Supply Co. has the following transactions related...

Accounting
1.2K views

This information relates to Monty Real Estate Agency. Oct. 1 Stockholders invest $30,000 in exchange...

Accounting
1.2K views

NEED DONE WITHIN AN HOUR PLEASE THANK YOU Journalize...

Accounting
1.2K views

1. Members of the AICPA must act in a way that will best serve a....

Accounting
1.2K views

18. The minimum return on investment (ROI) required to accept an investment is: a.economic value...

Accounting
1.2K views

Explain where the budgetary comparison schedule is located. Why would it be in that location?...

Accounting
1.2K views

Jose Reynolds deposited $10,000 in an account paying interest of 4% compounded annually. Click here...

Accounting
1.2K views

#5 (20 POINTS) On March 1, 2022, Cheryl Corp. issued a $800,000, 6% two-year bond...

Accounting
1.2K views

2 parts Executive officers of Finch Company are wrestling with...

Finance
1.2K views

12. Ahlem lives in Leeds, England, and owns a large collection of rare and exceptional...