A $1,000 bond, with interest at 10.4% paid semiannually April 1 and October 1, was purchased on November 20. Compute the number of days for which accrued interest will be paid.

Question

Quizplus · Accepted Answer

The Answer of A $1,000 bond, with interest at 10.4% paid semiannually April 1 and October 1, was purchased on November 20. Compute the number of days for which accrued interest will be paid.

A $1,000 Bond, with Interest at 10