Paul purchased a $2450 bond paying 3.5% annual simple

Last updated: 7/19/2022

Paul purchased a $2450 bond paying 3.5% annual simple interest after graduating from college. It is now 21 years later and he decides to cash in the bond. What is the value of this bond now? Round your answer to the nearest dollar. $1808 $4251 $4125 $18,008 $1800.75