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please find the method which the answer is got 13.- Problem 15 (5.9.) Sam is considering investing in a bond with a face value of

please find the method which the answer is got

13.- Problem 15 (5.9.) Sam is considering investing in a bond with a face value of $20,000. The bond pays an interest of 4% payable quarterly. If he expects to make a 1 1/z % return per quarter on this investment with a maturity of 20 years, determine the most he can pay for the bond Solution: $15,355.40

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