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

How do I solve c/4d divided by 3/8d
What is the GCF of 80x3 and 30yx2??? (The 3and2 are exponets)
A box is lowered using a rope. If the acceleration of the box, is 2.5 m/s2 (downward) and the tension in the rope is 31 N, what is the mass of the box (in kg)?
How does the saguaro cactus take advantage of rare, brief rainfall?
If every positive number has two square roots and you can find the length of the side of a square window by finding a square root of the area, why is there only
A crime suspect fled the scene when police officers entered the building. How far could he run in 10 minutes if he can run 5 miles per hour?
Write y= 3/4x + 1/2 in standard form. Thanks in advance. Also, could you please briefly explain how you did it, because these questions confuse me. Thank you. A
how is a knoll formed
Rectangular classroom seats 72 students. If the seats were rearragned with 3 more seats rows in each row, the classroom would have 2 fewer rows. Find the origin
1/3(9x+27)-4=1/2(2x+54)