Donna wants to buy a savings bond for her new born niece. The face value of the savings bond is $500, the amount the niece would receive in twenty years(future value).The government is currently paying 4% per year on savings bonds. How much will it cost Donna today to buy this savings bond? Explain

 

Answer rating: 100% (QA)

Savings bonds are sold at a discount meaning Donna wont pay th... View the full answer