The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 3 8 7 Annual Rate (%) 2.40 3.00 4.25 7.15 5.15 4.50 Would Bank of America or Verizon pay the most total interest on a $2,000 bond at maturity? How much interest would that be? Bank of America would pay $ in interest on a $2,000 bond at maturity. Verizon would pay $ in interest on a $2,000 bond at maturity. So, we see would pay the most interest on $2,000 bond at maturity.
The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 3 8 7 Annual Rate (%) 2.40 3.00 4.25 7.15 5.15 4.50 Would Bank of America or Verizon pay the most total interest on a $2,000 bond at maturity? How much interest would that be? Bank of America would pay $ in interest on a $2,000 bond at maturity. Verizon would pay $ in interest on a $2,000 bond at maturity. So, we see would pay the most interest on $2,000 bond at maturity.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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Question
The following table lists several corporate bonds issued during a particular quarter.
| Company | AT&T | Bank of America |
General Electric |
Goldman Sachs |
Verizon | Wells Fargo |
|---|---|---|---|---|---|---|
| Time to Maturity (years) |
10 | 10 | 2 | 3 | 8 | 7 |
| Annual Rate (%) |
2.40 | 3.00 | 4.25 | 7.15 | 5.15 | 4.50 |
Would Bank of America or Verizon pay the most total interest on a $2,000 bond at maturity? How much interest would that be?
Bank of America would pay $ in interest on a $2,000 bond at maturity. Verizon would pay $ in interest on a $2,000 bond at maturity. So, we see would pay the most interest on $2,000 bond at maturity.
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