Facts of the Case

Charles Rosen works as financial analyst in Germany for a large investment firm.

Since he had signed on to work in Germany. He decided to transfer his college funds to
a more lucrative investment opportunity.

He decided to invest 30,000 euros in so-called B bonds that would mature in seven
years.

He calculated the amount that he would be paid if he sold bonds originally worth €100
per bond on the last day of any of the seven years.