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1 , If the pension plan invests $ 1 5 million today in 3 0 - year US Treasury bonds ( riskless investment ) at

1, If the pension plan invests $15 million today in 30-year US Treasury bonds (riskless investment) at an interest rate of 4% percent a year, how much will it have by the end of year 20? Answer in millions, that is if your answer is $19.2 million then enter 19.2 in the answer box.

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