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Consider a bond that has a present value of $1,000. If the annual rate of interest is 7 percent, the future value of the bond
Consider a bond that has a present value of $1,000. If the annual rate of interest is 7 percent, the future value of the bond after a year is
- $930.00
- $934.58
- $1,000.00
- $1,070.00
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