Monday
March 30, 2015

Homework Help: Calculus

Posted by Anonymous on Wednesday, September 21, 2011 at 8:26pm.

A government bond is bought for $5000 on June 1, 2010. The value of the bond increases each year by 3.9% of the previous year's value, and the bond matures on June 1, 2030. Determine the value of the bond at maturity.

I'm confused.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Calculus - A government bond is bought for $5000 on June 1, 2010. The value of ...
Finance - A 12-year bond has an annual coupon rate of 9%. The coupon rate will ...
Finance - A four-year TIPS bond promises a real annual coupon return of 4 ...
accounting - On December 31, 2013, a company issues bonds with a par value of $...
Economics - Isabella buys a $1,000 bond that matures in 10 years (that is, she ...
finance - The Corner Grocer has a 7-year, 6 percent annual coupon bond ...
finance - the corner grocer has a 7-year, 6 percent annual coupon bond ...
finance - the corner grocer has a 7-year, 6 percent annual coupon bond ...
Finance - A three-year bond has 8.0% coupon rate and face value of $1000. If the...
Finance - A three-year bond has 8.0% coupon rate and face value of $1000. If the...

Members