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A $20,000 bond has an interest rate of 6% per year payable quarterly. The bond matures 15 years from now. At an interest rate of

A $20,000 bond has an interest rate of 6% per year payable quarterly. The bond matures 15 years from now. At an interest rate of 8% per year, compounded quarterly, the present worth of the bond is closest to:$

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