Savings bond-what should you pay today for the? bond

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Reference no: EM131943436

1. You expect to have $11,000 in one year. A bank is offering loans at 4.5% interest per year. How much can you borrow? today?

2. You are considering a savings bond that will pay $100 in 11 years. If the interest rate is 1.6%?, what should you pay today for the? bond?

3. After reading the syllabus of the principles finance1and perusing the topics to be covered, how do you think that you might use the knowledge learned in this course in your career or personal life?

4. If your bank pays you 1.3% interest and you deposit $800 ?today, what will be your balance in six ?years?

Reference no: EM131943436

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