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Talia bought a $5,000 Pelts Corporation bond. The bond pays 5.95% annual interest. How much will Talia receive in interest if she holds the bond for 11 years?

Talia bought a $5,000 Pelts Corporation bond. The bond pays 5.95% annual interest. How much will Talia receive in interest if she holds the bond for 11 years?
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Talia bought a $5,000 Pelts Corporation bond. The bond pays 5.95% annual interest. How much will Talia receive in interest if she holds the bond for 11 years?

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User Johnjohn
by
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1 Answer

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Answer:$3,272.50

Explanation:

$5000 (5.95%) = $297.50

$297.50 (11 years)

= $3,272.50

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User Youngjae
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8.0k points
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