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Bank of Skagit issues 10-year bonds with a maturity date of 2032 and an annual simple interest rate of 5.8% The interest is paid semi-annually.

Bank of Skagit issues 10-year bonds with a maturity date of 2032 and an annual simple interest rate of 5.8% The interest is paid semi-annually. Clayton buys a $10,000 bond. Determine the following: A. How much interest will Clayton earn every 6 months?

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