You purchased a bond at a price of $2,100. In 30 years when the bond matures,...

You purchased a bond at a price of $2,100. In 30 years when the bond matures, the bond will be worth $15,000. It is exactly 22 years after you purchased the bond and you can sell the bond today for $11,100. If you hold the bond until it matures, what annual rate of return will you earn from today?

7.9 percent
6.8 percent
3.5 percent
4.3 percent
3.8 percent

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jeff jeffy answered 4 weeks ago

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