Hello, Keith,

I don't know what a strip bond is. But I guess that you want to know how much money you have to invest to get $10,000 in 15 years at an interest rate of 9%.

IfI'm right then you can use the following equation:

C = A*(1 + i)^n

C is the capital after n years

A is the money you invest at the start

i is the interest rate

With your problem the equation becomes:

10,000 = A*(1 + 0.09)^15. Solve for A:

A = $2745.38

EB