Solve the problem.Suppose you buy a $9000 savings bond that pays 4.75% annual simple interest. When you cash in the bond, you have to pay 16% federal taxes on the interest you earned. How much money would you net if you cash in the bond after six years?

A. $13,275.30
B. $10,440.70
C. $11,154.60
D. $10,915.20
E. $11,565.60


Answer: C

Mathematics

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A. = -  
B. = - 
C. =  
D. =  

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