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How juans investment will be worth

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Question 1: Juan Valdez buys a Mexican Government Savings Bond for $30,000 Canadian Funds. The market rate of interest in Mexico is 10% and interest is compounded semi-annually. At the end of four years, Juan's investment will be worth (rounded to the nearest dollar):

Option 1: $36,278

Option 2: $41,890

Option 3: $39,110

Option 4: $54,224

Option 5: None of the above

Reference no: EM132487990

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