$1600
9 years=18 Half Years | Interest Rate = 4% p.a= 2% semi-annually | |||
Half Years | Cashflow (Interest=1000*6%) | PV Factor @ 2% (1.02^n) | PV | |
1 | $60 | 0.9804 | $58.82 | |
2 | $60 | 0.9612 | $57.67 | |
3 | $60 | 0.9423 | $56.54 | |
4 | $60 | 0.9238 | $55.43 | |
5 | $60 | 0.9057 | $54.34 | |
6 | $60 | 0.8880 | $53.28 | |
7 | $60 | 0.8706 | $52.23 | |
8 | $60 | 0.8535 | $51.21 | |
9 | $60 | 0.8368 | $50.21 | |
10 | $60 | 0.8203 | $49.22 | |
11 | $60 | 0.8043 | $48.26 | |
12 | $60 | 0.7885 | $47.31 | |
13 | $60 | 0.7730 | $46.38 | |
14 | $60 | 0.7579 | $45.47 | |
15 | $60 | 0.7430 | $44.58 | |
16 | $60 | 0.7284 | $43.71 | |
17 | $60 | 0.7142 | $42.85 | |
18 | $60 | 0.7002 | $42.01 | |
18 | $1,000 | 0.7002 | $700.16 | |
PV of Bond | $1,600 |
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