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Please answer both multiple choice Katelyn put $12,000 into a savings account three years ago. It paid 6% interest in the first year, and 7%
Please answer both multiple choice
Katelyn put $12,000 into a savings account three years ago. It paid 6% interest in the first year, and 7% per year for the following two years. What is her account balance today?
$14,123 | ||
$14,464 | ||
$14,563 | ||
$14,965 |
A $1,000 par value bond will mature in 8 years. This bond pays a coupon of $110 every year. If investors require an annual return of 12%, what is the current price of this bond? Assume annual coupon payments.
$936.65 | ||
$950.32 | ||
$982.40 | ||
$1010.56 |
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