Multiple Choice
You have a savings bond that will be worth $750 when it matures in 3 years,but you need cash today.If the current going rate of interest is 5%,what is your bond worth if you sell it today (rounded to the nearest dollar) ?
A) $675
B) $648
C) $625
D) $612
Correct Answer:
Verified
Correct Answer:
Verified
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