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

An AP Statistics class starts a project to estimate the average number of hours a student at their high school sleeps per night. Their high school has 1200 stud
Consider the velocity boundary layer profile for flow over u flat plate to be of the form u = C_1 + C_2 y. Applying appropriate boundary conditions, obtain an e
Which figure is not drawn to the scale. PQ and MN are straight lines. Find
Nitrogen-14 has 7 protons. How many neutrons does it have?
a gaseous compound has a mass of 8.00 g at 2.81 atm and 300. K in a 1.00 L container. . a What is the molar mass of the compound? b. What is the dens
Johanna graphed the number of calls she made during one day. How many calls were made before 6 p.m.? A histogram titled Cell Phone Calls has time of day on the
Why is fusion not used to generate electrical power ?
factor the polynomial 8x-2
I will give you all five stars ⭐⭐⭐⭐⭐
QUICK HELP PLS!! Which of the following agricultural jobs requires an advanced college degree, such as a doctorate? a. farm hand b. farm appraiser c. agricultur