Question

Fred Salmon purchased six $1,000 bonds at 92. The bonds pay 6.5%.

Answer 1

what do you need?

Answer 2

age: 92
bond amount: $1,000
number of bonds: 6
interst rate of bond: 6.5%

Answer 3

What was the cost of the bonds?

What was the total annual interest?

What is the yield?

Answer 4

if he bought 6 bonds at $1,000 each, then 6*1000

Answer 5

if the interest is 6.5%, then the annual interst is also 6.5%

Answer 6

how do you find the total annual intrest if its 6.5%

Answer 7

the total annual intrest for 1 bond or 6 will be 6.5%

Answer 8

my answer choices for total annual intrest are:
$65
$358.80
$390

Answer 9

1000*0.065

Answer 10

ok one more question... What was the cost of the bonds? answers are:
$920
$5520
$11520
how would i figure that out