Question 1
Suppose you purchase a 30-year U.S. savings bond with an APR of 4.5%. The face value of the bond is $12,000. Find the purchase price of the bond.
◦ $5057.96
◦ $5155.75
◦ $4800
◦ $5106.38
◦ $5454.55
Question 2
Suppose you purchase a 15-year U.S. savings bond with an APR of

%. The face value of the bond is $6000. Find the purchase price of the bond.
◦ $4033.61
◦ $3934.43
◦ $4137.93
◦ $3990.02
◦ $4078.16