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mmi mmi
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A year ago
The Bond Market

You received a $100 savings bond for your birthday. The bond pays $100 at maturity, which is in 6 years. If the interest rate is 3.5%, what is the present value of the bond? (Round to the nearest hundredth when appropriate.)

▸ $100

▸ $81.35

▸ $3.70

▸ $22.22
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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hizzy117hizzy117
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A year ago
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mmi Author
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A year ago
You make an excellent tutor!
lipop
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Yesterday
Good timing, thanks!
oscar520000
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2 hours ago
Thanks
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