Bond Laddering. Rey has $$600,000$ that she wants to invest in an AAA Corporate Bond Strategy with equal amounts maturing every year with semiannual interest payments.

Current Rates are

For $1$ Year $4\mathrm{.}75\%$

For $2$ Years $5\mathrm{.}75\%$

For $3$ Years $6\mathrm{.}75$

Given that Rey invests an equal amount in each year, the interest rates stay the same, and Rey rolls over the Face Value of the Bonds... while spending the interest each year.

a$.$ How much interest does Rey earn in the $1^{st}$ Year? $2$ Points

b$.$ How much interest does Rey earn in the $2^{nd}$ Year? $2$ Points

c$.$ How much interest does Rey earn in the $5^{th}$ Year? $2$ Points