Question

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

Answer 1

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

Answer 2

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

Answer 3

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


1000*0.065

Answer 4

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