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

Which of the following categories includes the most distantly related organisms? (A) family (B) species (C) class (D) genus (E) order
What are some reasons why Immigrats people come to the U.S.?
What organs work with skin?
Which of the following oxides can dissolve in water to form a solution that would turn litmus indicator red in color? a. MgO b. K₂O c. CO₂ d. ZnO e. H₂O
Is STM semantically or acoustically encoded??
what does the zeppelin
How many midgets can sit in a clown car if the car can hold 4 clowns from door to door and 3 people from front seat to back seat. Two midgets fit across 1 clow
what are some reasons for limiting authority
Jonathan has been on a diet since January 2013. So far, he has been losing weight at a steady rate. Bases on monthly weigh-ins, his weight, w, can be modeled by
What two factors determine the state of rocks and metals Inside the earth?