A $1,000 Face Value Compound-Interest Series S114 Canada Savings Bond

Multiple Choice

A $1,000 face value compound-interest series S114 Canada Savings Bond was redeemed on March 8, 2013. What amount did the bond's owner receive? (Obtain the issue date and the interest rates paid on the bond from Table 8.2)

A) $1,567.23
B) $1,037.62
C) $1,073.26
D) $1, 053.89