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Suppose a State of Texas bond will pay $1,000 six years from now. If the going interest rate on these 6-year bonds is 7%, how
Suppose a State of Texas bond will pay $1,000 six years from now. If the going interest rate on these 6-year bonds is 7%, how much is the bond worth today? $755.76 $666.34 $528.10 $934.58 Mary has $55,000 in a brokerage account, and she plans to deposit an additional $8,500 at the end of every future year until her account totals $300,000. She expects to earn 15% annually on the account. How many years will it take to reach her goal? 8.31 years 13.16 years 5.45 years 28.82 years Denise now has $800. How much would she have after 25 years if she leaves it invested at 12.5% with annual compounding? $11,091.35 $3,300.00 $15,202.08 $115,216.65
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