Sarah has a $2000 bond with a 5% coupon. How much interest will Sarah received for this bond every 6 months?

Question

asked Sep 20, 2018 198k views

1 Answer

Sebastiangeiger · Answer 1 · 2018-09-26T22:40:11+0000

Sarah has = $2000 5% coupon

n= interest in 6 months

$2000 x 5% = $100 interest in month

$100 x 6 months = $600 interest in 6 months