Troy Cartony won $5,000 in a poker game. He invets in a 10-year bond that...
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Troy Cartony won $5,000 in a poker game. He invets in a 10-year bond that pays 6% per year. The interest is compounded semi-annually. How much will he get when it matures? PROBLEM #2 Brandon Beaulieu plans on retiring in 10 years. He is going to put $2,000 into a retirement account each six months until he retires. The retirement account pays 4% interest per year (compounded semi-annually). How much will he get when he retires
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