A $1000-face-value compound-interest Series S126 Canada Savings Bond was redeemed on March 14, 2016. What amount did
Question:
A $1000-face-value compound-interest Series S126 Canada Savings Bond was redeemed on March 14, 2016. What amount did the bond's owner receive? (Obtain the issue date and the interest rates paid on the bond from Table 8.2.)
Table 8.2
Transcribed Image Text:
Interest S108 (issued Nov. 1, 2007) S120 (issued Nov. 1, 2009) S114 S126 (issued Nov. 1, 2010) S128 rate effective Nov. 1 of: (issued Nov. 1, 2008) (issued Nov. 1, 2011) S130 (issued Nov. 1, 2012) S131 (issued Nov. 1, 2013) S132 (issued Nov. 1, 2014) S133 (issued Nov. 1, 2015) 2007 3.25 2008 2.00 2.00 2009 0.40 0.40 0.40 2010 0.65 0.65 0.65 0.65 2011 0.50 0.50 0.50 0.50 0.50 2012 0.50 0.50 0.50 0.50 0.50 0.50 2013 0.50 0.50 0.50 0.50 0.50 0.50 0.50 2014 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 2015 0.50 0.50 0.50 0.50 0.50 0.50 0.50 0.50 Matures Nov. 1 of: 2017 2018 2019 2020 2021 2015 2016 2017 2018
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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