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# Finance question show the steps and answer

• From Mathematics, General Mathematics
• Due on 11 Nov, 2019 10:13:00
• Asked On 10 Nov, 2019 09:13:55
• Due date has already passed, but you can still post solutions.
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1.        How much will a \$7,500 EE savings bond cost when you initially purchase it? Assuming the bond earns 4.13 percent annually, approximately how long will it take for the bond to reach its stated face value?

When you initially purchase it, the EE saving bond will cost \$ 3750

Assuming the bond earns 4.13 percent annually, the length of time it will take for the bond to reach its stated face value is ___ years.

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## [Solved] Finance question show the steps and answer

• This Solution has been Purchased 1 time
• Submitted On 11 Nov, 2019 09:25:08
Initial cost = \$3,750 Number of periods = 17 years Computation of the initial cost:- Initial cos...
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## [Solved] Finance question show the steps and answer

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• Submitted On 11 Nov, 2019 11:53:44
How much will a \$7,500 EE savings bond cost when you initially purchase it? Assuming the bond earns 4.13 perc...
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