- On your first birthday, your parents purchased a savings bond for you that can be redeemed on your 26th birthday (its maturity date) for its face value of $5,000. - If the relevant interest rate for this savings bond is 2.5%, what price did your parents originally pay when they purchased this savings bond? - Building upon the previous question... - You may choose to redeem the savings bond for its face value of $5,000 on its maturity date. However, you also have the opportunity to NOT redeem the bond on its maturity date and allow the savings bond to continue to accumulate interest (2.5%) for an additional 20 years. - If you choose to allow the bond to continue to accumulate interest for a further 20 years, what will the value of the bond when it ceases to earn any more interest