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 these factors helped hide economic problems in the 1920s?
What was the largest cultural split in 1920s America? A. between nothern states and southern states B. Between eatern states and western states C. Between young
A citrus grower ships grapefruit in boxes of 10. One season, the grower shipped 20,400 boxes of grapefruit.how many grapefruit were shipped.
In the 1400s, Europeans searched for new trade routes to obtain valuable spices that came mainly from where?
why are marine protected areas (MPAs) important? provide four reasons and briefly explain each one
Are new plants from cuttings produced by meiosis or mitosis?
What were members of the landholding upper class called in the early roman republic
is 13.7 greater than 0.25
can somebody divide 5,634 divided 18 show work
the area of soil just below the earth's surface where most plant roots grow is called what?