Respuesta :

The maturity value on the bond is equal to $493.93

Data;

  • Face value = $473
  • time = 190 days
  • rate = 8.5%

Maturity Value

This is calculated as the sum of face value and interest.

[tex]M.V = F.V + I[/tex]

Let's solve for the interest on the bond

[tex]I = PRT\\I = 473 * 0.085 * 190/365\\I = 20.93[/tex]

Let's add this up and solve

[tex]M.V = 473 + 20.93\\M.V = 493.93[/tex]

The maturity value on the bond is equal to $493.93

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