Assume that three years ago, you purchased a corporate bond that pays 7.25 percent. The face value of the bond was $1,000. Also assume that three years after your bond investment, comparable bonds are paying 6.85 percent. (a) What is the annual dollar amount of interest that you receive from your bond investment

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answerbuying in bulk;