Ivan's annual earnings for this bond is $45.00
What is a bond?
A bond is a pledge, made by a borrower to pay a loan taken back to the lender with an interest.
Ivan's annual interest earning would be :
= $1,000 x 4.5 %
= $45 per year
Hence, Ivan's annual earnings for this bond is $45.00
Learn more about bonds here : https://brainly.com/question/1392006
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