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    Exam 9: Compound Interest: Further Topics and Applications
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    What Is the Remaining Time Until the Maturity Date of a $10,000
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What Is the Remaining Time Until the Maturity Date of a $10,000

Question 23

Question 23

Short Answer

What is the remaining time until the maturity date of a $10,000 strip bond if it is purchased for $4,011.33 to yield 6.4% compounded semiannually until maturity?

Correct Answer:

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