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just need the answer to the bottom question Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going
just need the answer to the bottom question
Suppose a State of New Mexico bond will pay $1,000 eight years from now. If the going interest rate on these 8- year bonds is 5.5%, how much is the bond worth today? $754.31 $792.02 $684.18 $718.39 $651.60 You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately (clue: cash flow starts at time O). You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? $18.652 $16,918 $17.763 $19,584 we $16,112 Step by Step Solution
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