Ellen now has $125.
Question 3.3. Ellen now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? (Points : 2)
Question 4.4. Suppose an ExxonMobil Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond worth today? (Points : 2)
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