Business, 03.12.2019 23:31 dndndndnxmnc
In may 1868, an entrepreneur issued $1000 bonds (to pay for an access road in a city). the bonds carried an 8% annual interest rate payable semiannually. the entrepreneur paid the interest until may 1894, at which time the city assumed responsibility for the bonds (and the road they financed). (a) the first of these bonds matured in may 2010. at that time, how much interest had the city paid on this bond? (b) another of these bonds will not mature until may 2143! at that time, how much interest will the city have paid on this bond?
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In may 1868, an entrepreneur issued $1000 bonds (to pay for an access road in a city). the bonds car...
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