Find the present valuePV of the given investment (in dollars). (Round your answer to the nearest cent.)An investment earns 5% per year and is worth $8,000 after 8 months. The following table lists several corporate bonds issued during the second quarter of 2015. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time toMaturity(years) 10 10 2 3 8 7 AnnualRate (%) 3.40 4.00 5.25 6.15 5.15 3.50 If you spent $60,000 on Bank of America bonds, how much interest would you earn every 6 months? HINT [See Example 3.] $ How much interest would you earn over the life of the bonds?

Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.) An investment earns 5% per year and is worth $8,000 after 8 months. The following table lists...

Find the present valuePV of the given investment (in dollars). (Round your answer to the nearest cent.)

An investment earns 5% per year and is worth $8,000 after 8 months.

The following table lists several corporate bonds issued during the second quarter of 2015.

Company	AT&T	Bank of America	General Electric	Goldman Sachs	Verizon	Wells Fargo
Time to Maturity (years)	10	10	2	3	8	7
Annual Rate (%)	3.40	4.00	5.25	6.15	5.15	3.50

If you spent $60,000 on Bank of America bonds, how much interest would you earn every 6 months? HINT [See Example 3.]

How much interest would you earn over the life of the bonds?

Jun 04, 2022