Mathematics

23 June, 10:17

Your rich uncle has just given you a high school graduation present of $1,700,000. The present, however, is in the form of a 23-year bond with an annual interest rate of 6.8% compounded annually. The bond says that it will be worth $1,700,000 in 23 years. What is this gift worth at the present time?

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Your rich uncle has just given you a high school graduation present of $1,700,000. The present, however, is in the form of a 23-year bond ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

The diameter of a Ferris wheel is 350 350 feet. Find its circumference. Give an exact answer and an approximation using 3.14 for pi?.

What is the sum of (8a+2b-4) and (3b-5)

A quadratic equation of the form 0=ax2+bx+c has a discriminant value of - 16. How many real number solutions does the equation have? A.-1 B. 0 C. 1 D. 2

Simplify. -sqrt m^4n^7

Select all ratios equivalent to 7:12. 3:36, 49:84, 20:21, 10:30

New Questions in Mathematics

Three different complex fractions that simplify to 1/4

A rate for $18 for three books

Victoria's university English teacher Mr. McTuffie has told her she will have 27 assignments this semester. Victoria has discovered that she needs to spend 3.

What is the gcd of 7,28

F (x) = x^2+4 solve using the quadratic formula