Your parents have discovered a P10,000 bond at the bottom of their safe deposit box. The bond was given to you by your l

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answerhappygod
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Your parents have discovered a P10,000 bond at the bottom of their safe deposit box. The bond was given to you by your l

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Your parents have discovered a P10,000 bond at the bottom of their safe deposit box. The bond was given to you by your late great-aunt Susan on your second birthday. The bond pays an annual interest rate of 5 percent. Interest accumulates and is paid at the time the bond is redeemed. You are now 19 years old. What is the current worth of the bond?
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