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The Value of the Bond at Maturity,or the Payment Due

question 159

Multiple Choice

The value of the bond at maturity,or the payment due at repayment,is known as the ________ value.


Definitions:

Withdraw

The action of removing funds from an account or investment.

Compound Rate

The rate at which interest is calculated on the initial principal and also on the accumulated interest of previous periods.

Annually

Occurring once every year or relating to a period of one complete year.

Interest

The cost of borrowing money, represented as a percentage of the total amount loaned.

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