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12 If Tom invests $70,000 in a taxable corporate bond that provides a 5 percent before-tax return, how much will Tom's investment be worth in
12 If Tom invests $70,000 in a taxable corporate bond that provides a 5 percent before-tax return, how much will Tom's investment be worth in either 8 or 20 years from now when the bond matures? Assume Tom's marginal tax rate is 35 percent.
$103,422; $185,731.
$105,697; $197,373.
$92,536; $140,675.
$90,410; $132,709.
None of the choices are correct.
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