How much to pay so bond worth of given amount at maturity, Mathematics

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How much to pay so bond worth of given amount at maturity

Funding the College Education: Child's grandparents want to buy the bond which matures in 18 years to be used for the college education. Bond pays 4% interest compounded semiannually. How much must they pay so that bond will be worth $85,000 at maturity?

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Mathematics: How much to pay so bond worth of given amount at maturity

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: How much to pay so bond worth of given amount at maturity

Reference No:- TGS0855200

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : Smallest chance of losing money

Q : Find how many units should be sold to break even

Q : Grills has a mean price

Q : Determine the work done if heavy object is pulled

Q : How much to pay so bond worth of given amount at maturity

Q : Compute polar equation which produces distance

Q : Survey of fruit tree growers

Q : Find largest number of elk present in region at any time

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Request for Solution File

Ask an Expert for Answer!!

Mathematics: How much to pay so bond worth of given amount at maturity

Reference No:- TGS0855200

Recent Questions Asked Mathematics

Q : Smallest chance of losing money

Q : Find how many units should be sold to break even

Q : Grills has a mean price

Q : Determine the work done if heavy object is pulled

Q : How much to pay so bond worth of given amount at maturity

Q : Compute polar equation which produces distance

Q : Survey of fruit tree growers

Q : Find largest number of elk present in region at any time

Q : Random from a box containing nine yellow pens

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