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13. (10.0 pts) Eric just purchased a $10,000 bond today. The bond rate is 8% per year payable semi-annually. He will receive
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Answer #1

Face value of bond=F=$10000

Interest per period=i=10000*8%/2=$400 per semi annual (6 months)

Number of periods=n=8

$400 $400 $4000 $400 $400 9400 9400 9400 $10000V

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