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Your friend Tom wants to buy you a Super Savings Bond. It has a maturity value of $100 dollars that will be paid in 10
Your friend Tom wants to buy you a Super Savings Bond. It has a maturity value of $100 dollars that will be paid in 10 years. The bond will have no periodic interest payments and promises a 5% annual rate of return. How much will Tom have to pay today to buy the bond?
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