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10. Time Value of Money
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10. Time Value of Money
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10. Time Value of Money / Using Time Value of Money Tables / Problem 13
Problem 13
A bond pays \$200 in interest semiannually for 3 years. If the annual interest rate is 6%, what is the present value of the interest payments?
A
\$1,080
B
\$1,118
C
\$1,050
D
\$1,200
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