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Sam is considering investing in a bond with a face value of $ 2 0 , 0 0 0 . The bond pays an interest

Sam is considering investing in a bond with a face value of $20,000. The bond pays an interest of 4%(per annum) payable quarterly. If he expects to make a 1(1)/(2)% return per quarter compounded quarterly on this investment with a maturity of 20 years, determine the most he is willing to pay for the bond ________.
Group of answer choices
$18,102.65
$14,923.86
$15,355.40
$16,000.00

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