Question: A zero coupon bond will be worth $13,000 when it matures and is redeemed after 13 years. How much would an investor be willing to

A zero coupon bond will be worth $13,000 when it matures

A zero coupon bond will be worth $13,000 when it matures and is redeemed after 13 years. How much would an investor be willing to pay now for this bond if a 3% per year yield is desired? Click the icon to view the interest and annuity table for discrete compounding when i = 3% per year. The current worth of the bond is $ (Round to the nearest dollar.)

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