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.

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Definitions:

Bequeath

To leave personal property to someone through a will.

Fair Compensation

Fair Compensation is equitable financial remuneration given to an employee for their services or to a party as reparation for loss, damage, or injury.

Safe-Deposit Box

A secure container, usually found in banks or private vaults, where individuals can store valuable items such as documents and jewelry.

Deliver

means to take something to a person or place where it is supposed to go, fulfilling a delivery requirement.