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Document2 -Word View Mathtype Help 2 Tell me weat you want to do 1 Normal TINo Sparc.. Heading 1 Heoding TaleSubtitl Subtle Em.. Emphasis Inten Styles 1. A homebuyer borrows 360,000 to be repaid over a 15 year period with level monthly payments beginning one month after the loan is made. The interest rate on the loan is a nominal annual rate of 6% convertible monthly. Find a. the monthly payment b. the loan balance after 10 years c. the amount of interest paid in the 121t payment d. the total principal paid on the loan over last 2 years e. the total interest paid on the loan over last 2 years 2, A 100,000par value bond with a term of 4 years and a coupon rate of 8% payable semi-annually is purchased to yield 4% convertible semi-annually Find the following: a. the purchase price, b. the c. the total amount of interest due over the term of the bond (from a premium/discount amortized in the 8th coupon payment, bond amortization perspective). IF

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