Question: A bond has a $1,000 par value, a 5.5% interest rate, and 15 years to maturity. How much total interest will be paid on

A bond has a $1,000 par value, a 5.5% interest rate, and

A bond has a $1,000 par value, a 5.5% interest rate, and 15 years to maturity. How much total interest will be paid on the bond until it matures?

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