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Jessica received a gift of $7,600 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually.
Jessica received a gift of $7,600 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Jessica's investment be at the end of 5 years? PV of $1 FV of $1 $12,379.64 $8,360.00 $11,400.00 $10,640.00 2 pts Question 22 Adonis Corporation issued 10-year, 11% bonds with a par value of $170,000. Interest is paid semiannually. The market rate on the issue date was 10%. Adonis received $180,595 in cash proceeds. Which of the following statements is true? Adonis must pay $170,000 at maturity plus 20 interest payments of $8,500 each. Adonis must pay $170,000 at maturity and no interest payments. Adonis must pay $180,595 at maturity plus 20 interest payments of $9,350 each. Adonis must pay $170,000 at maturity plus 20 interest payments of $9,350 each
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