4.) James McCulloch purchased a 30-year U.S. Treasury bond four years ago for $1,000. The bond paid 2.30 percent annual interest. Four years later he sold the bond for $1,048. a. What is the annual interest amount for the bond? Note: Round your answer to 2 decimal places. b. What is the total interest Mr. McCulloch earned during the four-year period? Note: Do not round intermediate calculations. c. What is the total return for Mr. McCulloch's bond investment? Note: Do not round intermediate calculations. a. Annual interest b. Total interest c. Total return

James McCulloch purchased a 30-year U.S. Treasury bond four years ago for $1,000. The bond paid 2.30 percent annual interest. Four years later he sold the bond for $1,048. a. What is the annual interest amount for the bond? Note: Round your answer to 2 decimal places. b. What is the total interest Mr. McCulloch earned during the four-year period? Note: Do not round intermediate calculations. c. What is the total return for Mr. McCulloch's bond investment? Note: Do not round intermediate calculations