on the summary page so you can easily go back to it$.$

$68$

On January $2^{nd}$ two years ago, Donovan purchased a $15-$year, $6\%,$$$15,000$ real return bond. During the Year, the Consumer Price index $($CPI$)$ increased by $2\mathrm{.}5\%.$ Last year, the CPI increased by $2\mathrm{.}3\%.$ What will the face amount of Donovan's bond be on January $1^{st}?$

a$)$ last year would be $$15,375\mathrm{.}00$ with an interest payment of $$900\mathrm{.}00$

b$)$ this year would be $$15,375\mathrm{.}00$ with an interest payment of $$922\mathrm{.}50$

c$)$ this year would be $$15,728\mathrm{.}63$ with an interest payment of $$943\mathrm{.}72$

last year would be $$15,759,38$ with an interest payment of $$945\mathrm{.}56$