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coupon bonds

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2100[1/1.057+1/(1.057)^2...+1/(1.057)^24]
 Oct 25, 2013

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 #1
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2100[1/1.057+1/(1.057)^2...+1/(1.057)^24]

Sn = a(1-r n) / (1-r)

Total = 2100 * S 24

= 2100 * { [ (1/1.057)(1-1/1.057 24) ] / (1-1/1.057)}

= 27,102.42399

That's what I got anyway.
 Oct 25, 2013

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