Question: Problems: PLEASE SHOW YOUR WORK 1. You have a savings bond that will be worth $1000 when it matures 20 years from today, but you

Problems: PLEASE SHOW YOUR WORK 1. You have a savings bond that will be worth $1000 when it matures 20 years from today, but you need cash now. If the current going rate of interest is 4%, what can you get for your bond if you sell it today? [10 Points) 2. Darwin Davis has just established an IRA. Darwin will put $2500 into the account at the end of this year and at the end of each year for another 29 years (30 total). If the account pays 7%, how much will Darwin have at the end of the 309 year? [10 Points]

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