Ask Experts Questions for FREE Help !
Ask
    hondrala's Avatar
    hondrala Posts: 10, Reputation: 1
    New Member
    		  
    #1

    Oct 24, 2008, 01:50 PM
    Time Value of Money
    The U.S. Treasury offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price?
    manik chand dey's Avatar
    manik chand dey Posts: 63, Reputation: 2
    Junior Member
    		  
    #2

    Oct 25, 2008, 12:09 AM
    future value(1000)=present value,613.31(1+r)^10
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Time Value of Money [ 2 Answers ]

If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money?

Time value of money [ 1 Answers ]

If you deposit money today into an account that pays 6.5 percent interest how long will it take for you to double your money?

Time Value of Money [ 3 Answers ]

How do I work this problem? Any help would be appreciated! Henson Company wishes to accumulate $500,000 by May 1, 2012 by making 8 equal annual deposits beginning May 1, 2004 to fund paying 8% interest compounded annually. What is the required amount of each deposit? a) $87,008 b) $47,007...

View more questions Search