A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?

Q: A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?

I = ptr Therefore, the total amount the owner received on January 17, 2001 was $1295.57 + $10.47 = $1306.04

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Accepted Answer

I  = ptr Therefore, the total amount the owner received on January 17, 2001 was $1295.57 + $10.47 = $1306.04

A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?

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