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How much interest will lose as a penalty

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Problem 1: Assume Linda has owned an EE bond for 3 years. The fixed rate of interest is 4% and the current value of the bond is $4500. If Linda were to cash in the bond tomorrow, how much interest will she lose (approximately) as a penalty?

Group of answer choices

Option 1: $0.

Option 2: $45.

Option 3: $90.

Option 4: $180.

Reference no: EM132818394

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