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A $1,000 par value bond with a 4% annual coupon rate, annual coupon payments, a term of ten years, and a $900 redemption value sells

image text in transcribedimage text in transcribed A $1,000 par value bond with a 4% annual coupon rate, annual coupon payments, a term of ten years, and a $900 redemption value sells for $950. What are the values of the variables defined above? P= F= C= r= Fr= n= A loan of $50,000 is to be financed over thirty years with monthly payments at the end of each month. If the loan carries a nominal rate of annual interest of 6% compounded monthly what are the monthly payments? How much interest is paid on this loan

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