Interest

Question $5,5\mathrm{.}1\mathrm{.}11$

Part $1$ of $2$

HW Score: $79\mathrm{.}41\%,13\mathrm{.}5$ of $17$

points

Points: $0\mathrm{.}5$ of $1$

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For the given corporate bond, whose annual simple interest rate is provided, find the semiannual simple interest payment and the total interest earned over the life of the bond. Assume $365$ days in a year.

$$4900$ Company A$,30-$year bond, $6\mathrm{.}041\%$

The semiannual interest on the corporate bond is $

$($Round to the nearest cent as needed.$)$