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You want to buy some bonds that will have a value of $1,000 at the end of 9 years. The bonds pay 3.40 percent interest
You want to buy some bonds that will have a value of $1,000 at the end of 9 years. The bonds pay 3.40 percent interest annually. How much should you pay for them today? (If you solve this problem with algebra round intermediate calcions to 6 decimal places, in all cases round your final answer to the nearest penny.) Present value of bond
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