David owns $15,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 2%/year (simple interest).1. How much income will David receive from this investment every 6 months? 2.How much interest will David receive over the life of the bonds?n

Answer rating: 100% (QA)

1 simple interest rate 2 6 months interest 22 1100 ... View the full answer