An insurance company offers to settle a claim by two plans PLAN A - Making a payment of $9,000 immediately PLAN B - $3500 at the end of each year for 3 years at 6% compounded annually. Which plan would you accept? HINT: Use the formula from Chapter 14 to find PV Both A B None A $5000 bond bearing interest at 4.5% payable semi- annually matures in ten years. If the bond is bought 26 weeks before maturity, what is the age of the bond? 9.5 years 26 weeks 0.5 years 10 years