1. A loan that requires the borrower to make the same payment every period until the maturity date is called a..... 2. pays a fixed interest payment every period and repays the face value at the maturity date. 3. ........... is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest. 4. Define Present value and why we need to calculate present value 5. The yield to maturity of a one-year, simple loan of $500 that requires an interest payment of $40 is 6. Describe a Coupon bond and show its payment scheme