A $25,000 bond pays 7 1/8% annual interest. What is the annual interest?

[ ] is a website that has a formula for calculating the price of a bond. What is the maturity period for the bond?

Expert answered|majie|Points 131|

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Asked 8/11/2010 11:04:28 PM

Updated 8/11/2010 11:59:52 PM

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wfjunior24

$25,000 x .07125 = $1,781.25 annual interest

Added 8/11/2010 11:59:52 PM

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