A childs grandparents wish to purchase a bond that matures in 18 years to be used for

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A child’s grandparents wish to purchase a bond that matures in 18 years to be used for her college education. The bond pays 4% interest compounded semiannually. How much should they pay so that the bond will be worth $85,000 at maturity?

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Precalculus

ISBN: 978-0321716835

9th edition

Authors: Michael Sullivan

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Question Posted: Jan 15, 2019 12:41 PM

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A childs grandparents wish to purchase a bond that matures in 18 years to be used for

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Precalculus

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