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You pay $8000 for a municpal bound. When it matures after 20 years, you receive $12,500. Compute the annual return. Give your answer as
You pay $8000 for a municpal bound. When it matures after 20 years, you receive $12,500. Compute the annual return. Give your answer as a percent but do NOT include the % sign.
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To compute the annual return for the municipal bond we can use the formula A...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
