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 is a phase of mitosis? a. cytokinesis b. interphase c. telophase d. none of the above
The U.S. Constitution gives Congress the power to override a president's veto with a two-thirds vote. This power best reflects the principle of
what does it mean to make connections when comparing and contrasting? you should look for hidden similarities and differences you should look for the most obvio
find a solution of the linear inequality. y ≥ 4x – 5 a. (1, 1) b. (2, 1) c. (3, 4) d. (3, 0)
Which plain is completely located in canada?
A fifth-degree polynomial with leading coefficient 4
What did it mean when the Dutch “kowtowed” to the Chinese emperor or his representatives?
C=6/(6+12)*180 help please
the suez canal in egypt allows ships to pass from the mediterranean to the ____ sea. a : aegean b : red c : dead d :black
What's the recommend amount of UV protection that sunglasses should provide?