How much will the bond be worth

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Reference no: EM131980877

Mario McMoney buys a savings bond that completely matures in 30 years for $100. The bond earns 2.83% interest every month, and every 6 months the 2.83% is put towards the new principal. How much will the bond be worth in 5 years? How much will the bond be worth when it completely matures in 30 years?

Reference no: EM131980877

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