You have a savings bond that will be worth $750 when it matures in 3 y
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) $612 C) $625 D) $648
ANSWER
D
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