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Please include steps. Thanks. Calculating Total Return James Mc Culloch purchased a 30 year U.S. bond four years ago for $1,006. The bond paid 3.20

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Calculating Total Return James Mc Culloch purchased a 30 year U.S. bond four years ago for $1,006. The bond paid 3.20 per cent annual interest, your years later he sold the boond for $1,040. (a) Whatis the annual amount for the bond? (b) What is the total interest Mr. Mc Culloch Par carved during the four-year period? o what was the total return for Mr. Mc Culloch b io bowdinvest ment

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