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How much must report in interest income each year

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Reference no: EM132818391

Problem 1: Assume Jasmine has owned $1,000 EE bond for 3 years. If the fixed rate of interest is 2%, how much must she report in interest income each year she owns the bond?

Group of answer choices

Option 1: $0

Option 2: $122

Option 3: $20

Option 4: $10

Reference no: EM132818391

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