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Robert buys a $20,000 bond that pays $1,200 interest annually on January 1st. How much does he pay on March 1st? A. $20,000 B. $21,200

Robert buys a $20,000 bond that pays $1,200 interest annually on January 1st. How much does he pay on March 1st?

A. $20,000

B. $21,200

C. $1,200

D. $20,200

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