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Vince has a savings bond that will mature 28 years from now at a value of $ 279,000. What is a fair value for Vince's
Vince has a savings bond that will mature 28 years from now at a value of $ 279,000. What is a fair value for Vince's savings bond today, if the market rate of interest for similar items is 13% compounded quarterly? Fill-in the TVM Framework Table: If any value is not present, enter the number zero, O For the unknown amount, the amount to be determined, enter a "?" For any dollar amounts, leave-off the dollar sign, but enter commas to separate thousands. Please follow the order of the table in the lecture. TVM DataFrame Now, use the values from the table to answer the question. You may want to use all of the methods (calculator, Excel, table, or formula) to make sure that you can arrive at the same answer. The value of Vince's savings bond today is is $ (round answer to nearest dollar, do not enter dollar sign)
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