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Assume that Toledo issues twenty-five million dollars' worth of construction bonds that are payable (paid off) after 30 years. The bonds pay 3% interest on
Assume that Toledo issues twenty-five million dollars' worth of construction bonds that are payable (paid off) after 30 years. The bonds pay 3% interest on their face value. Greta purchases $100,000 worth of these bonds and hold on to them for the full thirty years. Assuming that interest is paid regularly every year how much will Toledo have returned to Greta (in total interest and the face value) on her investment after the thirty year period? $100,000 $190,000 $270,000 $360,000
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