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you are on vacation in Florida and you see an advertisement that promises $100 if you take a tour of a time-share condominium. However, the
you are on vacation in Florida and you see an advertisement that promises $100 if you take a tour of a time-share condominium. However, the $100 that you would get is in the form of a savings bond that will not pay you the $100 for 10 years. Assume that the discount rate is 6% annually. What is the $100 savings bond you would receive worth today?
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