Assume that you purchased a $1,000 Rogers bond that pays 6 percent interest.What is the amount of interest you would receive each six months?

Name: Assume that you purchased a $1,000 Rogers bond that pays 6 percent interest.What is the amount of interest you would receive each six months?
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The bond pays 6 percent interest annually on a $1,000 face value, which equals $60 per year. Since interest is paid semi-annually, you would receive half of the annual interest every six months, which is $30.

Assume That You Purchased a $1,000 Rogers Bond That Pays