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 does natural gas power work
Simplify using the distributive property 4(6+3x)
I could really us your help with these problems, I would a appreciate it if you could solve 5 and 6.​
How does a high protein diet benefit someone like tara after a major surgery or serious hospitalization?
What made others see Nat Turner as a leader?
please answer 50 points
In the article “Anti-Social Networks? We’re Just As Cliquey Online”, How does the author use the final paragraph of the text to refine her ideas?
¿Compran ustedes los pescados?
Which Texan worked tiredlessly to gain equal rights for women?
What measures were created to protect the wealth of Americans?