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    nellieoreilly's Avatar
    nellieoreilly Posts: 1, Reputation: 1
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    #1

    May 2, 2009, 07:50 AM
    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?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    May 2, 2009, 07:58 AM

    On Simple Interest Terms :-

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

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