You are thinking about buying a savings bond the bond costs


You are thinking about buying a savings bond. The bond costs ?$59 today and will mature in 7 years with a value of $118. What annual interest rate will the bond? earn?

The bond will earn an annual rate of __% ( round to two decimal places.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You are thinking about buying a savings bond the bond costs
Reference No:- TGS01730737

Expected delivery within 24 Hours