Suppose the U.S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,000. What annual interest rate would you earn if you bought this bond at the offer price? (assume annual compounding) 4.72% 5.24% 3.82% 4.25% You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $30,000? Select one: 15.27 years 18.85 years 16.97 years 13.74 years Which of the following statements is CORRECT