The following table lists several corporate bonds issued during a particular quarter. Company AT&T Bank of General Goldman Wells America Electric Sachs Verizon Fargo Time to Maturity 10 10 2 3 8 7 (years) Annual Rate (%) 3.40 5.00 5.25 7.15 5.15 4.50 Would Bank of America or Verizon pay the most total interest on a $3,000 bond at maturity? How much interest would that be? Bank of America would pay $ 1200 X in interest on a $3,000 bond at maturity. Verizon would pay $ 1236 in interest on a $3,000 bond at maturity. So, we see Verizon X would pay the most interest on $3,000 bond at maturity.The following table lists several corporate bonds issued during the second quarter of 2015. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity 10 10 2 3 8 7 (years) Annual Rate (%) 3.40 4.00 5.25 6.15 5.15 3.50 If you spent $60,000 on AT&T bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ 1575 X How much interest would you earn over the life of the bonds? $ 6300 X