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

whats between 5 and 10?
Use cofunctions of complementary angles to evaluate. csc(19°) = sec
The density of mercury is 13.6 grams per cubic centimeter. Complete the steps for converting 13.6 g/cm^3 to kg/m^3
An Academic Wellness Goal Example :)
I need the answer to this question
Someone help me! The pair of figures is similar. Find x. Round to the nearest tenth if necessary. 2.2 ft A: 2.7 ft B: 4.1 ft C: 0.3 ft
Algebraic expressions for five less three times the length L
Type the following sentence with the proper punctuation and capitalization. Use exact spelling and correct spacing. first the bell rang then all of the students
Thinking activity 11.4 thinking critically
Rewrite with a direct object pronoun. Sarah va a comprar las entradas mañana.