Show all calculations. Answers without work shown will not be considered. Round all money answers to 2 decimal places. Round all number of payments values up to the nearest whole number.

1. Complete an amortization schedule for the following situation. A loan of $2000 is to be paid back with 6 month installments over 2 years with an interest rate of 1% compounded semi-annually. [ /6 ]

Payment Number Payment Amount Interest Amount Principal Amount Balance

2. The face value of a bond is $1000. This bond has a coupon rate of 6% compounded semi-annually with a prevailing interest rate of 6.5% compounded semi-annually. If this is a 10-year bond, what is this bond valued at initially? [ /3 ]

4. A 25-year mortgage of $300,000 was originally agreed to with a 5-year term and 3% compounded monthly. After 5 years, another 5-year is agreed to with a 2.7% compounded monthly interest rate. What is the new payment amount? Round your payment calculations up to the next penny. [ /6 ]