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You are considering a savings bond that will pay $1,000 in 5 years. If the interest rate is 1%, what is the appropriate price you
You are considering a savings bond that will pay $1,000 in 5 years. If the interest rate is 1%, what is the appropriate price you should pay for the bond? (Please provide the numeric answer to 2 decimal places.)
Note: If the answer is $2,023.369, please enter as 2023.37.
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