Solve the problem.
-Find the price (to the nearest cent) you should be willing to pay for the 15 -year $\$ 20,000$ bond with interest at $6.5 \%$ ( compounded semiannually).
A) $\$ 15,323.51$
B) $\$ 3023.72$
C) $\$ 511.30$
D) $\$ 7661.75$

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-Find the price (to the nearest cent) you should be willing to pay for the 15 -year $\$ 20,000$ bond with interest at $6.5 \%$ ( compounded semiannually).
A) $\$ 15,323.51$
B) $\$ 3023.72$
C) $\$ 511.30$
D) $\$ 7661.75$

Solve the Problem $20,000\$ 20,000$20,000 Bond with Interest At 6.5%6.5 \%6.5% ( Compounded Semiannually)

Solve the Problem $\$ 20,000$ Bond with Interest At $6.5 \%$ ( Compounded Semiannually)