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    Exam 9: Compound Interest: Further Topics and Applications
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    What Is the Time Remaining Until the Maturity Date of a $50,000
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What Is the Time Remaining Until the Maturity Date of a $50,000

Question 94

Question 94

Short Answer

What is the time remaining until the maturity date of a $50,000 strip bond if it has just been purchased for $20,822.89 to yield 5.38% compounded semiannually until maturity?

Correct Answer:

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