A Graphics Design Company Issued Bonds in the Amount of $1,000,000

question 160

Multiple Choice

A graphics design company issued bonds in the amount of $1,000,000 with a stated interest rate of 8%. If the interest is paid semiannually and the bonds are due in 10 years, what would be the total amount of interest paid over the life of the bonds?

• A)$1,000,000
• B)$400,000
• C)$800,000
• D)$80,000

---

Definitions:

ATM Card

An ATM card is a plastic card issued by a bank or financial institution, enabling the cardholder to deposit, withdraw, or transfer funds through an Automated Teller Machine.

Notify

To inform or give notice to someone about specific information or an event.

Forgery

The process of making, adapting, or imitating objects, statistics, or documents with the intent to deceive.

Bank Statement

A document or electronic record issued by a bank detailing the transactions in a customer's account over a specific period.