What would the annual interest rate need to be assume


You get a $1,000 face value EE (accrual bond) for graduation. If you expect it to mature in 10 years and your parents paid $720 for the bond, what would the ANNUAL interest rate need to be (assume semi-annual payments)?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What would the annual interest rate need to be assume
Reference No:- TGS02395261

Expected delivery within 24 Hours