Ask Question
24 July, 14:22

Three years ago, you purchased a corporate bond that pays 5.0 percent. The purchase price was $1,000. What is the annual dollar amount of interest that you receive from your bond investment

+3
Answers (1)
  1. 24 July, 15:01
    0
    Annual interest received is $50

    Explanation:

    Amount of annual interest = FV * r

    FV = Face value = $1000

    r = interest rate = 5.0% = 0.05

    Amount of annual interest = $1000 * 0.05

    = $50.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Three years ago, you purchased a corporate bond that pays 5.0 percent. The purchase price was $1,000. What is the annual dollar amount of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers