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You Buy Your Child a $100 Savings Bond That Matures

Question 4

Multiple Choice

You buy your child a $100 savings bond that matures in 10 years and pays an annual interest rate of 10%.At maturity the bond will be worth:


A) $228.17.
B) $200.
C) $259.37.
D) $271.17.
E) $217.71.

Correct Answer:

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