a-bond-pays-200-in-interest-semiannually-for-3-years-if-the-annual-interest-rate

Question

A bond pays $200 in interest semiannually for 3 years. If the annual interest rate is 6%, what is the present value of the interest payments?

Accepted Answer

$1,118

Answer

$1,080

Answer

$1,050

Answer

$1,200

A bond pays \$200 in interest semiannually for 3 years. If the annual interest rate is 6%, what is the present value of the interest payments?