Amount the bond fund be worth at maturity
Problem:
A child's grandparents purchased a $10,000 bond fund maturing in 18 years to be used for her college education. The bond fund pays 4% compounded semi-annually. How much will the bond fund be worth at maturity?
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What is the total service department cost that was assigned to Stamping in October? To Assembly?
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How much should he invest if he wants the value of his bond fund to be worth $85,000 when it matures? _____ ?
The bond fund pays 4% compounded semi-annually. How much will the bond fund be worth at maturity?
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