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Nancy wants to receive a lump sum of $400,000 in 40 years when she retires. If a bank that promises to pay her 8% per
Nancy wants to receive a lump sum of $400,000 in 40 years when she retires. If a bank that promises to pay her 8% per year, what amount does she need to deposit today? Group of answer choices 17,048 18,412 19,314 18,713 18,212
You want to sell a zero coupon bond that promises $10,000 in 8 years with an interest rate of 7%. What should you sell it for?
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5,820
5,767
5,942
6,277
6,183
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