What Is the Future Value After 9 Years If You $A =$

question 112

Short Answer

What is the future value after 9 years if you deposited $3,500 for your child s education and the interest was guaranteed at 15% compounded monthly? $A =$ $ __________

---

Definitions:

Yield To Call

The yield to call is the return an investor would receive if they held a bond until its call date, when the issuer has the option to repay the bond before its maturity date at a specified price.

Nominal Yield

The yearly interest income from a bond or fixed-income security, expressed as a percentage of the bond's face value.

Semiannually

Occurring twice a year, typically every six months.

Call Price

The price at which a bond or other security can be repurchased by the issuer before its maturity date, usually at a premium to the face value.