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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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?
On Simple Interest Terms :-
200,000,000 *.1*30 = 600,000,000
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