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Suppose a State of New York bond will pay $1,000 when it matures in 17 years from now. If the going interest rate on
Suppose a State of New York bond will pay $1,000 when it matures in 17 years from now. If the going interest rate on these 17-year bonds is 4.0%, how much is the bond worth today? Question 4 4 pts George has $46,126 invested in a bank that pays 10.81% annually. How long will it take for his funds to double? State your answer to the nearest whole year. Question 5 4 pts Assume that you will receive $6,798 per year for 5 years, followed by $8,185 per year for 9 years, followed by $3,524 per year for 5 years. All cash flows are to be received at the end of the year. If the required rate of return is 10.3%, what is the present value of these cash flows? State your answer to the nearest whole dollar.
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