Question: Problem 15-7 Calculating Total Return [LO15-4] James Mcculloch purchased a 20-year U.S. Treasury bond four years ago for $10,500. The bond paid 3.600 percent annual

Problem 15-7 Calculating Total Return [LO15-4] James Mcculloch purchased a 20-year U.S. Treasury bond four years ago for $10,500. The bond paid 3.600 percent annual interest. Four years later he sold the bond for $10,600. (a) What is the annual interest amount for the bond? (Round your answer to 2 decimal places.) Annual interest (b) What is the total interest Mr. Mcculloch earned during the four-year period? (Round your answer to the nearest whole dollar.) Total interest (c) What is the total return for Mr. Mcculloch's bond investment? (Round your answer to the nearest whole dollar.) Total return

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