Bonds in the Amount of $100,000 and a Life of 10

question 177

Multiple Choice

Bonds in the amount of $100,000 and a life of 10 years were issued by the Focus Company.If the face rate is 6% and interest is paid semiannually, what would be the total amount of interest paid over the life of the bonds?

• A) $60,000
• B) $120,000
• C) $30,000
• D) $6,000

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