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You are considering a savings bond that will pay $100 in 8 years. If the interest rate is 1.9%, what should you pay today for
You are considering a savings bond that will pay $100 in 8 years. If the interest rate is 1.9%, what should you pay today for the bond? The amount that you should pay today for the bond is $ . (Round to the nearest cent.) If your bank pays you 1.4% interest and you deposit $550 today, what will be your balance in six years? The bank balance will be $ . (Round to the nearest cent.) Your bank pays 2.5% interest per year. You put $1,400 in the bank today and $550 more in the bank in one year. How much will you have in the bank in two years? In two years, the amount that you will have is $ 7. (Round to the nearest cent.)
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