For the given bond, whose interest rate is provided, find the semiannual interest payment and the total interest earned over the life of the bond.$29,000 First Income Fund 11-year bond at 2.865%

A. $41,542.50; $913,935.00
B. $414.70; $9123.40
C. $830.85; $9139.35
D. $415.43; $9139.35


Answer: D

Mathematics

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