How much is the bonds worth today

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Question - Compute the following:

1. How much would $100, growing at 5% per year, be worth after 20 years?

2. Suppose a California bond will pay $1,000 eight years from now. If the goinginterest rate on these 8 year bonds is 7.3%, how much is the bonds worth today?

Reference no: EM133054050

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