Question: Math Interest Theory/ Financial Math Please use formulas and not a table and not the TVM function 4. (4pts) A $10,000 par value 10-year bond

Math Interest Theory/ Financial Math

Please use formulas and not a table and not the TVM function

4. (4pts) A $10,000 par value 10-year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of 6%. Calculate the interest earned and the amount of premium amortized in the 7th coupon payment. Also find the total interest earned in the 10 years. (Answers: $641.58, $158.42, 56527.98) ste A1000 10 bandila b oda

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