Question

Talia bought a $5,000 Pelts Corporation bond. The bond pays 5.95% annual interest. How much will Talia receive in interest if she holds the bond for 11 years?

Answer 1

Answer:$3,272.50

Explanation:

$5000 (5.95%) = $297.50

$297.50 (11 years)

= $3,272.50