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you are on vacation in Florida and you see an advertisement that promises $100 if you...

you are on vacation in Florida and you see an advertisement that promises $100 if you take a tour of a time-share condominium. However, the $100 that you would get is in the form of a savings bond that will not pay you the $100 for 10 years. Assume that the discount rate is 6% annually.
What is the $100 savings bond you would receive worth today?

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Answer #1
PV Factor @6% of 10 Year 0.55839 =1/1.06^10
Savings bond you would receive worth today $ 55.84 =100*0.55839
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