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Other Fields Homework Help Finance Topic started by: samualson on Jul 4, 2018



Title: You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. ...
Post by: samualson on Jul 4, 2018
You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. If the current going rate of interest is 5%, what is your bond worth if you sell it today (rounded to the nearest dollar)?
A) $675
B) $648
C) $625
D) $612


Title: You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. ...
Post by: DeanaRay on Jul 4, 2018
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