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nellieoreilly
May 2, 2009, 07:50 AM
Our government is getting ready to issue 200m in bonds to fund the constructions of a multi billion dollar distillery. The interest rate allowed is 10% for thirty years. How do I figure out the total cost to the government?

ROLCAM
May 2, 2009, 07:58 AM
On Simple Interest Terms :-

200,000,000 *.1*30 = 600,000,000