EncryptCo is about to begin a project to develop encryption software for wireless car locks. EncryptCo needs

to raise some money to pay for the project. It offers a bond that pays $5\mathrm{.}25\%$ simple interest at the end of each

year for $10$ years. Answer the following questions if the face value is $$60,000.$

$($a$)$ Draw a cash flow diagram of the bond.

$($b$)$ How much interest is paid each year?

$($c$)$ What is the future value of the bond and the interest payments after $10$ years?