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Mr. Berber owns a $20,000 government bond that pays interest at an annual rate of 8%. Which expression below shows how many dollars he will receive as a quarterly interest payment?

Mr Berber owns a 20000 government bond that pays interest at an annual rate of 8 Which expression below shows how many dollars he will receive as a quarterly in class=

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Answer: (2)

Step-by-step explanation:

His yearly interest amount would be 20000(0.08).

His quarterly interest amount would be [tex]\frac{20000(0.08)}{4}[/tex], since one year has 4 quarters.

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