You bought an eight year bond with annual coupons of $100

Last updated: 7/28/2022

You bought an eight year bond with annual coupons of $100 each. The bond is redeemed at $1500. As you collect the coupon payments, you deposit them into an account that gains interest at 5% per year. Immediately after you transfer the last coupon along with the redemption value into the 5% interest account, how much is in this account? Round your answer to the nearest dollar. 2682 955 2146 2455 2300 646 1662