Bateman Enterprises invested in the bonds of Greater Gloucester on January​ 1, 2018. These 10minus​year, $ 400 comma 000 bonds pay interest of 3​% with semiannual payments every June 30 and December 31. The effective rate of interest for similar bonds on January 1 was​ 4%. What is the semiminusannual interest payment received by Bateman for these​ bonds?

Respuesta :

Explanation:

[tex] \frac{400 \times 10 \times 4}{100} \\ \frac{16000}{100} \\ 160 \\ \frac{1}{25} \times 160 \\ 6.4 \: intrest[/tex]

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