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A bond currently valued at $100,000 has a quarterly interest rate of 5%. The bond matures in 3 years. What is its future value?

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A bond currently valued at $100,000 has a quarterly interest rate

of 5%. The bond matures in 3 years. What is its future value?

$1,157,625

$1,050,945

$1,219,391

$1,160,755

 
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