Mathematics, 23.04.2020 21:31 offshoreext
How much money should be invested now (rounded to the nearest cent), called the present value, in a Treasury Bond investment, yielding 4.75% per year compounded monthly for 10 years if you wish it to be worth $20,000 after 10 years?
Hint: A(t)=Ao(1+r/n)^nt
a. $12,574.47
b. $31,810.49
c. $12,449.37
d. $19,225.36
Answers: 3
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