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you have decided to invest your entire gift of $250,000 in bonds offered by XYZ corp. You purchase 250 bonds with a face value of

you have decided to invest your entire gift of $250,000 in bonds offered by XYZ corp. You purchase 250 bonds with a face value of $1,000 paying 7% annual interest over five years. If the required rate of return is 5%, what is the present value of this investment for you

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