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?
|
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
| All times are GMT -7. The time now is 09:48 PM. |