16. Wai Ling purchased a bond with a face amount of $130,000 that will mature in 19 years. The bond has a coupon rate of 14% per year compounded semi-annually and the required yield is 5% per year compounded semi-annually. If the bond's premium is viewed as an amortized loan, the principal repaid by the 15th coupon payment is:

Wai Ling purchased a bond with a face amount of $130,000 that will mature in 19 years. The bond has a coupon rate of 14% per year compounded semi-annually and the required yield is 5% per year compounded semi-annually. If the bond's premium is viewed as an amortized loan, the principal repaid by the 15 th coupon payment is: Wai Ling purchased a bond with a face amount of $130,000 that will mature in 19 years. The bond has a coupon rate of 14% per year compounded semi-annually and the required yield is 5% per year compounded semi-annually. If the bond's premium is viewed as an amortized loan, the principal repaid by the 15 th coupon payment is