You Buy Your Child a $100 Savings Bond That Matures

question 4

Multiple Choice

You buy your child a $100 savings bond that matures in 10 years and pays an annual interest rate of 10%.At maturity the bond will be worth:

• A) $228.17.
• B) $200.
• C) $259.37.
• D) $271.17.
• E) $217.71.

---

Definitions:

Proprietary Recipe

A confidential formulation owned by an individual or a company, protected as a trade secret, which gives a unique identity to a product.

Specific Performance

A legal remedy requiring a party to fulfill their obligations under a contract, typically used when monetary damages are inadequate compensation.

Condition Precedent

An event or condition that must occur before a party is obligated to perform under a contract.

Condition Subsequent

A condition in a contract that, if it occurs, terminates the party's obligation or alters the terms of the agreement.