Question: please explain how to solve part A. and breakdown formulas used. thanks A. In the space provided below, calculate the price of 3 year note

 please explain how to solve part A. and breakdown formulas used.
please explain how to solve part A. and breakdown formulas used. thanks

A. In the space provided below, calculate the price of 3 year note with a par value equal to $2000 and annual coupon payments equal to $70 if the interest rate is equal to 4 percent. Show how you calculate this value! B. Holding everything else constant, there exists: (a) a direct relationship (b) an indirect relationship between the present value and the waiting period for the payment

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