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Score: 0 of 1 pt 14 of 17 (13 complete) HW P 3-18 (book/static) You are considering a savings bond that will pay $100 in
Score: 0 of 1 pt 14 of 17 (13 complete) HW P 3-18 (book/static) You are considering a savings bond that will pay $100 in 10 years. If the interest rate is 2%, what should you pay today for the bond? The amount that you should pay today for the bond is S (Round to the nearest cent.) P 3-18 (similar to) You are considering a savings bond that will pay $100 in 11 years. If the interest rate is 1.7%, what should you pay today for the bond? The amount that you should pay today for the bond is $ . (Round to the nearest cent.) Your brother has offered to give you either $60,000 today or $120,000 in 9 years. If the interest rate is 6% per year, which option is preferable? The present value of the future amount (amount received in 9 years) is $. (Round to the nearest dollar.)
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