he following table lists several corporate bonds. Treat these as zero coupon bonds, as in Example 2. Company AT&T Bank of America General Electric Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 10 10 2 3 8 7 Annual Compound Interest Rate (%) 2.97 4.42

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The following table lists several corporate bonds. Treat these as zero coupon bonds, as in Example 2.
Company AT&T Bank of
America
General
Electric
Goldman
Sachs
Verizon Wells
Fargo
Time to
Maturity
(years)
10 10 2 3 8 7
Annual
Compound
Interest
Rate (%)
2.97 4.42 6.12 6.81 5.41 3.18
If you paid a total of $6,215.89 for General Electric bonds, what is their maturity value? (Round your answer to the nearest $1.)
$
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