Challenge Problem. Each holiday season, Michael received a US savings bond from his grandmother. Michael eventually received twelve savings bonds as shown in the following table. The bonds vary in their rates of interest and their face values. Assume today is December 31, 2011. What is the value of this portfolio of US savings bonds? On what date does each of the individual bonds reach its face value or maturity date ( note that the price is half the face value) ? Estimate to the nearest month and year for each bond.

Score: 0 of 1 pt P4-32 (similar to) 160f 16 (13 complete HW Score: 48 96% 783 of 1 Question Help m Challenge problem Each holiday season. Michele ved a US sags bond tom hrano Assume today December 31, 2011 What is the of this por US bonds on what we do year for each bond Note The bondscoa s t past the des What is the current value of the bond that was issued on 12/31/100 bonds shown chothelbacht on the way e lteces the the h eese s ound to the recent * Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Issue Date Price Face Value Interest Rate Maturity Date (MM/YYYY) $50 $25 $25 $50 $50 $50 $100 $50 $50 $100 $100 $100 12/31/1990 12/31/1991 12/31/1992 12/31/1993 12/31/1994 12/31/1995 12/31/1996 12/31/1997 12/31/1998 12/31/1999 12/31/2000 12/31/2001 TOTAL 5.0% 4.0% 4.0% 5.0% 5.0% 4.0% 3.0% 5.0% 5.0% 30% 4.0% $50 $25 $25 $50 $50 $50 $100 $50 $50 $25 $25 $425 Print Done Clear All Score: 0 of 1 pt P4-32 (similar to) 160f 16 (13 complete HW Score: 48 96% 783 of 1 Question Help m Challenge problem Each holiday season. Michele ved a US sags bond tom hrano Assume today December 31, 2011 What is the of this por US bonds on what we do year for each bond Note The bondscoa s t past the des What is the current value of the bond that was issued on 12/31/100 bonds shown chothelbacht on the way e lteces the the h eese s ound to the recent * Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Issue Date Price Face Value Interest Rate Maturity Date (MM/YYYY) $50 $25 $25 $50 $50 $50 $100 $50 $50 $100 $100 $100 12/31/1990 12/31/1991 12/31/1992 12/31/1993 12/31/1994 12/31/1995 12/31/1996 12/31/1997 12/31/1998 12/31/1999 12/31/2000 12/31/2001 TOTAL 5.0% 4.0% 4.0% 5.0% 5.0% 4.0% 3.0% 5.0% 5.0% 30% 4.0% $50 $25 $25 $50 $50 $50 $100 $50 $50 $25 $25 $425 Print Done Clear All