You need $40,000 five years from now to pay off a balloon payment on your house. You buy 30 bonds at face value with fiveyear

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You need $40,000 five years from now to pay off a balloon payment on your house. You buy 30 bonds at face value with five‐year maturities yielding 6.2 percent. Will you have enough to meet your obligation at the end of five years?

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You need $40,000 five years from now to pay off a balloon payment on your house. You buy 30 bonds at face value with fiveyear

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