A child's grandparents are considering buying an \( \$ 80,000 \) face-value, zero-coupon bond at her birth so that she will have enough money for her college education \( 17 \) years later. If they want a rate of return of \( 6 \% \) compounded annually, what should they pay for the bond?
Pregunta
Answer
\(P = \$ 29,709.15\)
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