Business, 21.06.2019 13:50 lelliott86
Time value an iowa state savings bond can be converted to $750 at maturity 5 years from purchase. if the state bonds are to be competitive with u. s. savings bonds, which pay 5% annual interest (compounded annually), at what price must the state sell its bonds? assume no cash payments on savings bonds prior to redemption. ignore taxes.
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Time value an iowa state savings bond can be converted to $750 at maturity 5 years from purchase. if...
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