For your high school graduation present you receive a $10,000 US Savings Bond. You note that it matures in 15 years, and carries with it a 4.7 percent interest rate. You need some fast cash so that you can go off to the Jersey Shore and celebrate with some friends. What can you expect to get for your bond right now?

Answer rating: 100% (QA)

Answer Solution I The value of a US Savings Bond before it matures is determined by the original pur... View the full answer