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Question 1 1 pts Shawn owns 10 bonds paying 6% interest per year. He plans to own the bonds for 20 years and each year

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Question 1 1 pts Shawn owns 10 bonds paying 6% interest per year. He plans to own the bonds for 20 years and each year he will reinvest the $60 interest he earns into a mutual fund. ($60 x 10 bonds = $600 invested each year) If Shawn earns 10% per year on his $600 per year investment, how much money will he have in 20 years? Please refer to the Time Value of Money Formulas in Module 6. 12pt Paragraph BIVAL V Tv O words

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