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3. (4 points) You wish to purchase a $2,000 bond fund for your niece that matures (will be ready to draw from) in 18 years

3. (4 points) You wish to purchase a $2,000 bond fund for your niece that matures (will be ready to draw from) in 18 years to be used for her college education. The bond fund pays 4% interest COMPOUNDED semiannually (2 times per year). How much will the bond fund be worth at maturity

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