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(15 Points) Enter your answer 3. In order to buy a new car, you got 65,000$ credit from your local bank. According to the loan
(15 Points) Enter your answer 3. In order to buy a new car, you got 65,000$ credit from your local bank. According to the loan agreement, you will payback this loan in 5 equal installments. If the bank charges 9% interest rate, what is the "principal paid" for the year 2? (15 Points) Enter your answer 4. The bond of XYZ corp. has left 7 years to maturity. This bond makes monthly payments with 69 coupon rate and the YTM is 12%. What is the current value of this bond? (15 Points)
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