document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=430019>Question 430019</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Could anyone help me with the following?<BR>\n" );
document.write( "What would be the semiannual interest payment on a $24,000 Proctor and Gamble 10-year bond at 6.875%? (round to the nearest dollar) \r<BR>\n" );
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document.write( "and...<BR>\n" );
document.write( "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?<BR>\n" );
document.write( "Thank you in advance!! </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #298694 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=298694\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Principal P =	24000									<BR>\n" );
document.write( "Amount=	A									<BR>\n" );
document.write( "years=n	10									<BR>\n" );
document.write( "compounded	2	times a year								<BR>\n" );
document.write( "Rate =	6.88		<BR>\n" );
document.write( "0.03/term						<BR>\n" );
document.write( "Amount =P*((n+r)/n)^n									<BR>\n" );
document.write( "										<BR>\n" );
document.write( "Amount =24000*(1+0.03)^	10*2<BR>\n" );
document.write( "Amount =24000*(	1+0.03)^20			<BR>\n" );
document.write( "	24000	*(1.03)^20					<BR>\n" );
document.write( "Amount = $47181.48									<BR>\n" );
document.write( "Subtract the two to get total interest </SPAN>\n" );
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