Question
Your parents gave you a $50,000 savings bond when you were born. All interest accumulates and is part of the $50,000 that is paid to
Your parents gave you a $50,000 savings bond when you were born. All interest accumulates and is part of the $50,000 that is paid to you when you receive age 20. What amount did they pay for this bond assuming a 10 % annual return?
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
8th Edition
0073379417, 978-0073379418
