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Isaiah purchased a $1,000, 15-year zero coupon bond when the interest rate was 7.0%. What...

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Finance

Isaiah purchased a $1,000, 15-year zero coupon bond when the interest rate was 7.0%. What amount (rounded to the nearest cent) did he pay for the bond? a. $387.82 b. $362.45 c. $1,070.00 d. $1,000.00

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