Question $16$

$3$ pts

Suppose a State of Utah bond will pay $$1,000$ ten years from now. If the going interest rate on these $10-$year bonds is $4\mathrm{.}9\%,$ how much is the bond worth today?

$$650\mathrm{.}78$

$$625\mathrm{.}99$

$$464\mathrm{.}84$

$$619\mathrm{.}79$

$$669\mathrm{.}37$