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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
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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

User Ebad Saghar
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1 Answer

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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
User Jesse Mcconnell
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