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Work the following applied problems 47. Investing Lora Reilly has inherited $10,000 from her uncle's estate. She will invest the money for 2 years. She

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Work the following applied problems 47. Investing Lora Reilly has inherited $10,000 from her uncle's estate. She will invest the money for 2 years. She is considering two investments: a money market fund that pays a guaranteed 5.8% interest compounded daily and a 2-year Treasury note at 6% annual interest. Which investment pays the most interest over the 2-year period? 48. Investing As the prize in a contest, you are offered $1000 now or $ 1 210 in 5 years. If money can be invested at 6% compounded annually, which is larger? Bonds Which of these 20-year zero-coupon bonds will be worth more at maturity: one that sells for $4510, with a 6.1% interest rate, or one that sells for $5809, with a 4.8% interest rate? 49. : 50. Bonds Which of these 15-year zero-coupon bonds will be worth more at maturity: one that sells for $3890, with a 3.7% interest rate, or one that sells for $4510, with a 2.9% interest rate? 51. Investing A company has agreed to pay $2.9 million in 5 years to settle a lawsuit. How much must it invest now in an account paying 5% interest compounded monthly to have that amount when it is due? 52. Investing Bill Poole wants to have $20,000 available in 5 years for a down payment on a house. He has inherited $16,000. How much of the inheritance should he invest now to accumulate the $20,000 if he can get an interest rate of 5.5% compounded quarterly

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