CFP® Practice Question: How Much Would you Pay for this Bond?

The correct answer is C.

TI BA-II Plus                                  HP-12C

7, x, 2, =, N                                  7, ENTER, 2, x, n

10.5 ÷, 2, =, I/Y                           10.5, ENTER, 2, ÷, i

1000, FV                                      1000, FV

CPT, PV                                       PV

HP-10B II                                      HP-17B II

7, x, 2, =, N                                  7, x, 2, =, N menu key

10.5, ÷, 2, =, I/YR                         10.5, ÷, 2, =, I%YR menu key

1000, FV                                      1000, FV menu key

PV                                                PV menu key

PV = $488.53 (rounded to $489)