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Problem

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question

The ABC Corporation has issued 200 bonds, each with a $1,000 face value, redeemable at par after 15 years.In order toaccumulate the funds required for redemption, ABC has establisheda fund of annual deposits earning 4% interest peryear. What will be the principal in the fund at the endof 12 years?Round your answer to the nearest dollar.

category

business

options

  1. $180,250
  2. $175,000
  3. $15,026
  4. $205,500
  5. $9,988.01
  6. $12,000
  7. $125,000
  8. $200,000
  9. $160,320
  10. $150,080

src

stemez-Business

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