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You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. If the current going
You have a savings bond that will be worth $750 when it matures in 3 years, but you need cash today. If the current going rate of interest is 5%, what is your bond worth if you sell it today (rounded to the nearest dollar)?
Select one:
A.
$648
B.
$625
C.
$612
D.
$675
Clear my choice
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