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A Florida state savings bond pays $3,000 when it matures 6 years from now, but it makes no other payments. If the state bonds are

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A Florida state savings bond pays $3,000 when it matures 6 years from now, but it makes no other payments. If the state bonds are to be competitive with U.S. savings bonds, which pay 8% interest compounded annually, at what price will the state's bonds sell? Ignore taxes. The current price, PV, of the state bond is $ - (Round to the nearest cent.)

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