J&J Enterprises wants to issue 20-year, $1,000 face value zero-coupon bonds. If each bond is to yield 8%, what is the minimum number of bonds J&J must sell if they wish to raise $2 million from
The sale? (Use values in the dollar) (Ignore issuance costs.)

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The Answer of J&J Enterprises wants to issue 20-year, $1,000 face value zero-coupon bonds. If each bond is to yield 8%, what is the minimum number of bonds J&J must sell if they wish to raise $2 million from
The sale? (Use values in the dollar) (Ignore issuance costs.)

J&J Enterprises Wants to Issue 20-Year, $1,000 Face Value Zero-Coupon