You Have a Savings Bond That Will Be Worth $750

question 63

Multiple Choice

You have a savings bond that will be worth $750 when it matures in 3 years,but you need cash today.If the current going rate of interest is 5%,what is your bond worth if you sell it today (rounded to the nearest dollar) ?

• A) $675
• B) $648
• C) $625
• D) $612

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