document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=872070>Question 872070</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Adam buys a corporate bond for 510,000.00 that pays 9% interest with a maturity date of ten years. <BR>\n" );
document.write( "Adam also has to pay 28% of his income to taxes.\r<BR>\n" );
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document.write( ". How much interest will Adam make from his bond in one year? (not counting taxes) <BR>\n" );
document.write( " - I've got 108 as my answer ,but im pretty sure im not doing it correct? can u help? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #525881 by </B><A HREF=/tutors/aboutme.mpl?userid=richwmiller><B>richwmiller(17219)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=richwmiller><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=richwmiller><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=525881\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Assuming that you mean 9% per year and not 9% for the ten years.<BR>\n" );
document.write( "(510,000*.09)*.72=$33,048.00\r<BR>\n" );
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document.write( "He receives 72% of the interest since he pays 28% in taxes<BR>\n" );
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