Suppose you obtain a $4,000 T-note with a 4% annual rate, paid half-yearly, with maturity in 5 years. How much (simple) interest will you earn?

Question

04-11-2021
Mathematics

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Suppose you obtain a $4,000 T-note with a 4% annual rate, paid half-yearly, with maturity in 5 years. How much (simple) interest will you earn?

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