Eric bought a $500 bond with a 6.3% coupon that matures in 20 years. let's find our eric's total earnings for this bond when it reaches its maturity date. Formula: => 500 dollars * 6.3% * 20 years => 500 * 0.063 = 31.5 dollars is the coupon => 31.5 dollars * 20 years = 630 dollars. Thus the amount of her money when it reaches its maturity is 630.
