Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bought a bond with a face value of $2500 and a coupon rate of 7%, and she invested $5000 into a fund that is expected to grow by 3.5% per year.
The bond Sandy purchased will mature in 10 years. How much interest will she receive semiannually?
How long will it take the fund she invested in to be worth $10,000?