Heather bought a ten-year maturity corporate bond when it was issued for $1,000. The bond has an annual interest rate of seven percent and pays interest semi-annually. How much does she receive every six months?

Answer 1

Please type your subject in the School Subject box. Any other words, including obscure abbreviations, are likely to delay responses from a teacher who knows that subject well.

Answer 2

35$

Answer 3

$40

Answer 4

$30 is the right answer

Answer 5

1000x.07=70 70/2=35 35