Question: Problem 7 - 4 TIPS Interest and Par Value ( LG 7 - 2 ) A 3 . 0 0 0 percent TIPS has an

Problem 7-4 TIPS Interest and Par Value (LG7-2)
A 3.000 percent TIPS has an original reference CPI of 185.6. If the current CPI is 210.9, what are the current interest payment and par value of the TIPS?
Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.
Par value
Interest payment
Problem 7 - 4 TIPS Interest and Par Value ( LG 7

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