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Donna wants to buy a savings bond for her new born niece. The face value of the savings bond is $500, the amount the niece

Donna wants to buy a savings bond for her new born niece. The face value of the savings bond is $500, the amount the niece would receive in twenty years(future value).The government is currently paying 4% per year on savings bonds. How much will it cost Donna today to buy this savings bond? Explain


 

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