0 Question 3 (14 marks) (a) Determine the future value of the following cash flows at the end of year 20 with an annual interest rate of 18% compounded monthly. 1 2 3 20 Year 0 $200 $200 $200 $200 (b) You are evaluating a 10-year, $1,000 par value bond. Its coupon rate is 8%, and the coupon is paid quarterly. If you require an effective annual interest rate of 10%, how much should you pay for the bond (workings and answers: keep 2 decimal places in %, i.e. x.xx%)?