A $5000 strip bond was purchased for $3054.29, providing the investor with a return of 3.9% compounded semiannually until the maturity date. To the nearest day, how long before the maturity date was the bond purchased?

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The Answer of A $5000 strip bond was purchased for $3054.29, providing the investor with a return of 3.9% compounded semiannually until the maturity date. To the nearest day, how long before the maturity date was the bond purchased?

A $5000 Strip Bond Was Purchased for $3054