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In January 2019, Mike purchased a bond due in 36 months. The cost of the bond is $750 and its maturity value is $1,000. No

In January 2019, Mike purchased a bond due in 36 months. The cost of the bond is $750 and its maturity value is $1,000. No interest is paid each year, but the compound interest rate on the bond is 7%. Mike also purchased a Series EE United States Government bond for $500, with a maturity value in 10 years of $1,000. This is the only Series EE bond she has ever owned. The Series EE bond is to yield 5% interest. Compute Mike's gross income from the bond and Series EE bond for 2019.

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