One day when my granny was out at her chemo session at the hospital, I...
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One day when my granny was out at her chemo session at the hospital, I searched her house looking for cash to pay for my unspeakable habits. I didn't find any cash but I did find a beautiful bond certificate. I could see that the bond was at for ten years payable monthly and the face value of the bond was $ The yield is compounded annually. I could tell that the coupon payments were to pay for her chemo, so although sorely tempted, I didn't steal the bond. How much did crafty old granny pay for this bond? And could there be more where this came from? Two decimal places.
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