Patrick has a $1000 bond with 6% coupon. How much interest will Patrick receive for this bond every 6 months?

Mathematics

2 answers:

sdas [7]3 years ago

6 0

Answer:

Step-by-step explanation:1000• 6%•6/12=4320

pashok25 [27]3 years ago

4 0

<span>You are given a face value of $1000 bond with 6% bond interest. You are asked for the interest that Patrick will receive for this bond every 6 months. You use the equation b=Fi. The answer is 36%</span>

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$\huge{ \rm{Question:}}$

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Naddik [55]

You use the FOIL method, and how you do this is -

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Combine like terms.

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