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John has a $1000 bond with a 4% coupon. How much interest will John receive for this bond every 6 months?

John has a $1000 bond with a 4% coupon. How much interest will John receive for this bond every 6 months?
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2 votes
John has a $1000 bond with a 4% coupon. How much interest will John receive for this bond every 6 months?

User Endy Tjahjono
by
8.1k points

2 Answers

7 votes
1000(1+.04)6= 7529.536


User Herard
by
8.3k points
3 votes

its $20 like my life

User Zaur
by
7.9k points
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