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On May 1, 2021. Joe purchased $200,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of

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On May 1, 2021. Joe purchased $200,000 in zero-coupon bonds that mature on May 1, 2041. The bonds pay no interest during the period of time they are outstanding. The interest rate for such borrowings is at 9%. Interest compounds annually. (EV of $1. PV of $1 FVA of $1. PVA Of 51. FVAD of $1 and PVAD of 51) (Use appropriate factor(s) from the tables provided. Enter your answer rounded to the nearest whole dollar.) Required: Calculate the price Joe paid for the bonds Bond value

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