Question: Suppose William is considering a 12-year bond with a face value of $ 2,000 and a rate of 8% payable semi-annually. Calculate the payment William

Suppose William is considering a 12-year bond with a face value of $ 2,000 and a rate of 8% payable semi-annually. Calculate the payment William would have to make if an effective annual interest rate of 8.2% were required.

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