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  • 16-05-2024
  • Mathematics
Answered

10. Madeline purchases a [tex]$1,000 bond. The bond will pay 4% simple interest each year over the next 5 years.
After that, Madeline will receive her
initial $[/tex]1000 back. How much will Madeline have made? What is the total
value of her investment after 5 years?



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