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Using a financial calculator. Suppose you wish to purchase a bond. It has yearly payments of $50 for the next 8 years. If the bonds

Using a financial calculator. Suppose you wish to purchase a bond. It has yearly payments of $50 for the next 8 years. If the bonds future value is $1000 (expires at par value) and the interest rate is 12% what is the present value of the bond? If the interest rate instead were 3% what would the present value be? How about if the interest rate is 5%?

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