jajones2434 jajones2434

24-05-2023
Business

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1. Suppose a State of California bond will pay $1,000 eight years from now. If the going interest rate on these 8-year bonds is 4.5%, how much is the bond worth today?
2. What's the future value of $1,700 after 5 years if the appropriate interest rate is 6%, compounded monthly?

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