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Your rich uncle has just given you a high school graduation

Your rich uncle has just given you a high school graduation present of $700,000. The present, however, is in the form of a 33-year bond with an annual interest rate of 5.5%compounded annually. The bond says that it will be worth $700,000 in 33 years. What is this gift worth at the present time?

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Mathematics: Your rich uncle has just given you a high school graduation

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