What is the compounding annual rate of return on the bond

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Reference no: EM131569778

1. If a United States Savings bond can be purchased for $28.50 and has a maturity value at the end of 25 years of $100, what is the compounding annual rate of return on the bond?

2. Find the monthly payment on a $60,000, 15 year, 10% (compounded monthly) loan.

Reference no: EM131569778

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