A bond that appreciates 4% per year will be worth $146 in five years. find the current value.

$120

Step-by-step explanation:

Let the initial value of bond be $X

The future value of any bond is calculated by formula

FV= PV(1+r)^n

where

In the problem given

FV= $146

r = 4% = 0.04 (dividing 4 by 100 we get 0.04)

n = 5

substituting these value in formula

PV =$X = $120

Hence current value of bond is $120.

dd

step-by-step explanation:

dd

f is the midpoint of