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Home > Money & Services > Investing   »   need to calculate total interest on bonds

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Old May 2, 2009, 07:50 AM
nellieoreilly
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need to calculate total interest on bonds

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?

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

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