A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2014, what is this bond's time to maturity? (Use 365 days a year.) 82 years and 6 months O 83 years O 80 years O 81 years 6 months

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 53E
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A bond issued by Ford on May 15, 1997 is scheduled to mature on May
15, 2097. If today is November 16, 2014, what is this bond's time to
maturity? (Use 365 days a year.)
O 82 years and 6 months
83 years
80 years
O 81 years 6 months
Transcribed Image Text:A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November 16, 2014, what is this bond's time to maturity? (Use 365 days a year.) O 82 years and 6 months 83 years 80 years O 81 years 6 months
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