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Assume Susan has owned an EE bond for 4 years. The fixed rate of interest is 7% and the current value of the bond is
Assume Susan has owned an EE bond for 4 years. The fixed rate of interest is 7% and the current value of the bond is $4000. If Susan were to cash in the bond tomorrow, how much interest will she lose (approximately) as a penalty?
a. $140
b. $70
c. $0
d. $280
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