On June 1, 2017, Smith & Beecham Services issued $33,000 of 10% bonds that mature in five years
They were issued at par. The bonds pay semiannual interest payments on June 30 and December 31 of each year. On December 31, 2017, what is the total amount paid to bondholders?
A) $1,650
B) $3,300
C) $825
D) $1,100
A .Principal amount $33,000
Rate of interest 10%
No. of months 6
Interest ($33,000 x 10% x 1/2 ) $1,650
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