Desperate help needed !!!! help?

Question

if $1,000,000.00 of 9% bonds are issued at 103 1/2 year. the amount of cash received from the sale is?

please need help asap... I am really confused over this problem!!! :(

Answer 1

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Answer 2

I am confused over your question. When you get stuck with a question and seek help, you must rewrite the question exactly

the same as when you read it.

But back to your question, One million dollars at 9% equa ls:

    $1,000,000  x  9/ 100  =  $10,000 x 9  =  $90,000

Resubmit your problem. I cannot follow much.