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D- Your parents have discovered a $1,000 bond at the bottom of their safe deposit box. The bond was given to you by your late
D- Your parents have discovered a $1,000 bond at the bottom of their safe deposit box. The bond was given to you by your late great-aunt Hilda on your second birthday. The bond pays an annual interest rate of 5 percent. Interest accumulates and is paid at the time the bond is redeemed. You are now 27 years old. What is the current worth of the bond (principal plus interest)?
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