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

In africa, music was created for a specific purpose. it was almost never performed out of context. select one: a. True b. False
A _____ key can be described as a minimal superkey, a superkey without any unnecessary attributes.
01 mc)a population of jellyfish has shown a sharp decline. what types of factors should be investigated?
Describe a biological process by which carbon is removed from the atmosphere and converted to organic molecules.
write the number of significant digits given in each of the following measured quantities? A. 1.008g/mol B. 6.2402km/hr
How does increasing the temperature affect the pressure of a contained gas?
One third of a birds eggs hatched. If 2 eggs hatched, how many eggs did the bird lay?
To decrease an amount by 20%, what do you multiply by?
How do I do this kind of problem?
PLEASE HELP FAST Find a simplified expression to represent the area of the triangle. The area formula for a triangle is bh, where b is the base and h is the hei