Use the data in Table 8.2 to determine the redemption value of a $500-face-value compound interest Series S120 Canada Savings Bond on

a. November 1, 2015

b. April 15, 2016. 

Table 8.2

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Interest S108 (issued Nov. 1, 2007) S120 (issued Nov. 1, 2009) S114 S126 (issued Nov. 1, 2010) S128 rate effective Nov. 1 of: (issued Nov. 1, 2008) (issued Nov. 1, 2011) S130 (issued Nov. 1, 2012) S131 (issued Nov. 1, 2013) S132 (issued Nov. 1, 2014) S133 (issued Nov. 1, 2015) 2007 3.25 2008 2.00 2.00 2009 0.40 0.40 0.40 2010 0.65 0.65 0.65 0.65 2011 0.50 0.50 0.50 0.50 0.50 2012 0.50 0.50 0.50 0.50 0.50 0.50 2013 0.50 0.50 0.50 0.50 0.50 0.50 0.50 2014 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 2015 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Matures Nov. 1 of: 2017 2018 2019 2020 2021 2015 2016 2017 2018