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If Maria can obtain a 3.0% yield on a single $600 EE bond, how much will...

If Maria can obtain a 3.0% yield on a single $600 EE bond, how much will the bond be worth after 10 years (round your answer)? Group of answer choices

$18525.

$26358.

$806.

$1110.

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Answer #1

Value of bond after 10 years.

PV

 600.00
r 3.0000%
n 10
FV= PV*(1+r)^n
Where,
FV= Future Value
PV = Present Value
r = Interest rate
n= periods in number
= $600*( 1+0.03)^10
=600*1.34392

= $806.35

= $806
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