stacieevans414 stacieevans414
  • 01-03-2022
  • Mathematics
contestada

A bond has a $12,000 face value, a 9-year maturity, and a 3.1% coupon. Find the total of the interest payments paid to the bondholder.

Respuesta :

adamsdaniels07 adamsdaniels07
  • 01-03-2022

Answer:

$15348

Step-by-step explanation:

i = prt is the simple interest equation

i = 12,000(0.031) = 372

i = 372*9 = 3348

12000+3348 = $15348

Answer Link

Otras preguntas

Write a paragraph in your science journal that explains why you can step out of the shower into a warm bathroom and begin to shiver
Solve by elimination 8x+9y=-55 -8x+y=65
I don't understand the physics work power and energy unit
which number is between 5/2 and the square root of 11
Write an algebraic expression for the phrase:six times a length w
All of the atoms and subatomic particles found in living things occur in nonliving things as well. True or False?
Which of the following describes Tammany Hall?
is 1/3 bigger than 5/6
Which of the following words is derived from Greek? A. abhorrence B. abscond C. catalyst D. herbicide
a baseball team has home games on Thursday and Saturday. the two teams together earn $4746.50 for the team. Thursdays game generates $53.50 less than Saturday's