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Roderick received a $100 savings bond for his graduation. The bond pays $100 at maturity, which is ...

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Roderick received a $100 savings bond for his graduation. The bond pays $100 at maturity, which is ...

Question 1.

The value you give today to money you will receive in the future is called the future payment's

▸

future value.

▸

historical value.

▸

present value.

▸

time-sensitive value.

Question 2.

Roderick received a $100 savings bond for his graduation. The bond pays $100 at maturity, which is in five years. If the interest rate is 6%, the bond has a present value of $90.09.

▸ true

▸ false

Textbook

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 106 times

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purplepanda1516

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More solutions for this book are available here

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trancy Author

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4 years ago

Smart ... Thanks!

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Helped a lot

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You make an excellent tutor!

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