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Question 2 (3 marks) Assume a R60 000 half yearly payment towards a bond, for the next 10 years. The property developers charge 12% interest

Question 2 (3 marks)

Assume a R60 000 half yearly payment towards a bond, for the next 10 years. The property developers charge 12% interest compounded semi-annually. Calculate the value of the bond today.

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