debbiecaceres debbiecaceres

18-03-2022
Mathematics

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A woman acquires a bond that has maturity date of 10 years and a face value of $5,000. If the bond has a coupon rate of 6%, then how much interest will she earn each year? *

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jeremiahkevinm jeremiahkevinm

18-03-2022

Answer:

I = $3000

Step-by-step explanation:

I = PRT/100

P = principle= $5000

R = rate = 6%

T = time ( yrs) = 10 yrs

I = (5000*6*10) / 100

I = $3000

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