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?

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asked Nov 7, 2022 63.2k views

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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?

Mathematics
high-school

Johnjohn asked

by Johnjohn

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1 Answer

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Answer:$3,272.50

Explanation:

$5000 (5.95%) = $297.50

$297.50 (11 years)

= $3,272.50

Youngjae answered Nov 11, 2022

by Youngjae

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