Suppose that someone owns a

3030-year

$18 comma 00018,000

T-bond with a rate of

44%.

After

1010

years the bond is sold for cash, but interest rates have risen to

5.55.5%.

(a)	How much has the bond paid in total for the first 1010 years?
(b)	How much will the bond pay the person buying it over the next 2020 years?
(c)	How much is the bond currently worth?

Question content area bottom

Part 1

(a) Over the first

1010

years, the bond has paid

$enter your response here.

(Simplify your answer.)

Part 2

(b) Over the next

2020

years, the bond will pay the buyer

$enter your response here.

(Simplify your answer.)

Part 3

(c) The bond is currently worth

$enter your response here.

(Simplify your answer. Round to two decimal places as needed.)