Question: 9 Dave Devine bought a 15 year Treasury Note in 2008. The Note pays 6% annually and he invested $12,000. How much will the Note

9 Dave Devine bought a 15 year Treasury Note in 2008.

9 Dave Devine bought a 15 year Treasury Note in 2008. The Note pays 6% annually and he invested $12,000. How much will the Note be worth in 2023? Which TVM adjustment does this analysis represent? N=15 I/Y6 PV=12,000 PMT=0 FV-? =$28,758.7 compounded adjustment

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