Tyler's mom purchased a savings bond for Tyler. The value of the savings bond increases by 4% each year. One year after it was purchased , the value of the savings bond was $156. Find the value of the bond when Tyler's mom purchased it. Explain your reasoning.

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Answer:

Tyler's mom purchased a savings bond for Tyler. The value of the savings bond increases by 4% each year. One year after it was purchased, the value of the savings bond was $156.

Find the value of the bond when Tyler's mom purchased it. Explain your reasoning.

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