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Jane Callahan is quite pleased with herself; 1 year ago she purchased a $ 6 0 , 0 0 0 government bond paying 7 .
Jane Callahan is quite pleased with herself; year ago she purchased a $ government bond paying per year with interest paid every months and maturing in years, and interest rates have come down since then.
The current interest rate on year government bonds is If she were to auction the bond at the current interest rate, how much would she get? Round your answer to the nearest cent.
$
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