Five $1,000 bonds that pay interest at 9% semiannually on April 1 and October 1 were purchased July 10 at 92. Calculate the total amount paid for the bonds. (Assume a 360-day year and a commission of $5 per bond.)

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The Answer of Five $1,000 bonds that pay interest at 9% semiannually on April 1 and October 1 were purchased July 10 at 92. Calculate the total amount paid for the bonds. (Assume a 360-day year and a commission of $5 per bond.)

Five $1,000 Bonds That Pay Interest at 9% Semiannually on April