Answer:
$5,520.00
Step-by-step explanation:
Fred Salmon purchased six $1,000 bonds at 92. The bonds pay 6.5%, what is the cost of the bonds
Lets look at the question
What was the cost of the bonds?
He bought 6 $1,000 bonds, so 6 times 1,000 = 6,000. Nat the age of 92. Which means 6,000 x 0.92 to get $5,520.00
