Answered: If you invested $100 in a savings bond…

If you invested $100 in a savings bond that yields 4% interest (compounded quarterly) on 1/1/2010, how much would the savings bond be worth on 1/1/2011? $101.00 $108.00 $104.00 $104.06 $116.99

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If you invested $100 in a savings bond that
yields 4% interest (compounded quarterly)
on 1/1/2010, how much would the savings
bond be worth on 1/1/2011?
$101.00
$108.00
$104.00
$104.06
$116.99
O O

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