are my answers correct? a. 8260 in 2012 b. 16940 in 2136

Question Help In June 1868, an entrepreneur issued $1000 bonds (to pay for an access road in a city). The bonds carried a 7% annual interest rate payable semiannually The entrepreneur paid the interest until June 1894, at which time the city assumed responsibility for the bonds (and the road they financed) (a) The first of these bonds matured in June 2012 At that time, how much interest had the city paid on this bond? (b) Another of these bonds wil not mature unti June 2136! At that time. how much interest will the city have paid on this bond? (a) The city had paid S 8260l on the bond that matured in June 2012 (b) The aity wil have paid $16940 on the bond that will mature in June 2136