If a Treasury note has a bid price of $996.25, the quoted bid price in the Wall Street Journal would be . A. 99:25 B. 99:63 C. 99:20 D. 99:08

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

borrow money from the government then pay the government back 5k

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