Multiple Choice
The Megabucks Corporation is issuing a 20-year bond paying 7% interest. An investor wishes to buy the rights to receive the interest on $30,000 worth of these bonds and seeks a 12% rate of return. If the investor payments are made continuously, what will the investor pay Round your answer to the nearest cent. Round your answer to the nearest cent.
A) $159.12
B) $17,500.00
C) $210,405.59
D) $1,909.49
E) $15,912.44
Correct Answer:
Verified
Correct Answer:
Verified
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