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

what is the sum of 7/10 and 6/100
Explain what is the same about two fractions that are like fractions
what is the sum of 7/10 and 6/100
which trinomial is equivalent to (3x-1)(x+4)
Explain what is the same about two fractions that are like fractions
having troubles with inequalities.. 3.8x + 14.5 < 32
having troubles with inequalities.. 3.8x + 14.5 < 32
having troubles with inequalities.. 3.8x + 14.5 < 32
having troubles with inequalities.. 3.8x + 14.5 < 32
what is the sum of 7/10 and 6/100