SOLUTION: Can anyone help me with this problem please? What would be total amount of interest earned on a $24,000 Proctor and Gamble 10-year bond at 6.875% over the entire life of the bond?

SOLUTION: Can anyone help me with this problem please? What would be total amount of interest earned on a $24,000 Proctor and Gamble 10-year bond at 6.875% over the entire life of the bond?

Algebra.Com

Question 430384: Can anyone help me with this problem please?
What would be total amount of interest earned on a $24,000 Proctor and Gamble 10-year bond at 6.875% over the entire life of the bond? (To the nearest dollar)
Thanks
Answer by shree840(260) (Show Source): You can put this solution on YOUR website!
fv=24000(1+.06875)^10=46662.98 ANS
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