Question
The day you were born your parents bought a baby bond for $500. This bond repays its purchase price plus 6.5% per year interest, compounded
The day you were born your parents bought a baby bond for $500. This bond repays its purchase price plus 6.5% per year interest, compounded annually, on your 21st birthday. You have just turned 21. How much money will you be getting from your baby bond?
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
