Math  /  Algebra

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Susan wants to buy a bond that will mature to $6500\$ 6500 in eight years. How much should she pay for the bond now if it earns interest at a rate of 3.5%3.5 \% per year, compounded continuously? Do not round any intermediate computations, and round your answer to the nearest cent. $\$ \square

Studdy Solution
Susan should pay approximately $4913.97\$4913.97 for the bond now.

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