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U.S. News and World Report reported a bond's interest. In 1981, when inflation and deficit spending was rampant, yields on a 10-year bond hit a
U.S. News and World Report reported a bond's interest. In 1981, when inflation and deficit spending was rampant, yields on a 10-year bond hit a record of 15.3%. Bonds this year are paying about 4.8%. On a five-thousand-dollar investment, determine the approach you would use to calculate: 1. What is the original annual interest payment? 2. What is the current year's interest payment? 3. What is the difference in the amount of this year's total interest
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