there is not given thats why I was also much confused

The President of SALT Solutions would like to reward his staff by paying each employee a bonus. The President has informed his staff that the bonuses totaling 25,000 will be paid on "Bonus Day" but the exact date is not given. In order to fund this bonus payment, the President invests in a zero coupon bond with a face amount of 20,016 that matures 1 year before "Bonus Day". He also invests in a zero coupon bond with a face amount of B that matures 5 years after "Bonus Day". Assuming a force of interest of 4%, determine the minimum value for B so that the investments will be sufficient to pay the bonus on "Bonus Day" regardless of the size of interest rate changes. A 5,060 B 5,070 5,080 D 5,090 On January 1, 2012, Gary borrowed money to purchase a car. He agreed to repay the loan with 20 equal annual payments. The first payment is due immediately. Which of the following is a correct expression for the convexity of the loan on January 1, 2012? 2%. (1+1)w+2 B 2:27.(t+1)w+2 1914 2(t+1) +2 19 19 D 2014 E None of the above