A bond pays $1000 interest at the end of every year for the next 30 years. What is the current economic value of each of the 15^th and 30^th payments if we discount the payments at:
a) 5% compounded semiannually?
b) 8% compounded semiannually?

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The Answer of A bond pays $1000 interest at the end of every year for the next 30 years. What is the current economic value of each of the 15^th and 30^th payments if we discount the payments at: a) 5% compounded semiannually? b) 8% compounded semiannually?

A Bond Pays $1000 Interest at the End of Every