Question

Parker bought a 15-year treasury bond for a face amount of $400. The 3.5% interest will be compounded quarterly. What will the future value of Patrick’s investment be when he goes to cash it in on the maturity date 15 years from now?

A. $674.64
B. $3,151.24
C. $414.18
D. $670.14

Answer 1

If you're behind like I am and are just now doing these assignments then good luck on catching up.

If it's AQRB Unit 2 Lesson 3 then the answers to the multiple choice are below, you'll need to do the essay and calculation on your own.

1: $674.64
2: $26, 255.38
3: $191, 398.49
4: $23, 884.84