In March 2012, Daniela motor financing, offered some securities for sale to the public. Under the terms of the deal, DMF promise to repay the owner of one of these securities $500 in March 2037, but investors would receive nothing until then. And busters paid DMF to her and $50 for each of these securities; so they gave up $250 in March 2012, for the promise of a $500 payment 25 years later.

Suppose under the terms of the bond you could redeem the barn in 2022. DMF agreed to pay an annual interest rate of 8% until that date. How much would the bond be worth at that time?