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algebraically annual coupons annual interest annual payments annuity bond annum compounded half-yearly annum convertible half-yearly annum payable approximately arithmetic binomial theorem bond with half-yearly borrower bought to yield Canada Savings Bonds cash COMPOUND INTEREST computed coupon rate debt deposits discount rate duration effective annual rate effective interest rate effective rate equation example EXERCISES Find the present Find the price Find the value Geometric Progression given half-year half-yearly coupons instalments interest earned interest payments interest period investment investor issuer l+i)n lender level payments line diagram Makeham's formula method monthly payments mortgage nominal annual rate nominal interest rate nominal rate outstanding principal paid payable half-yearly periodic payments premium present value price to yield principal and interest Prove purchaser quarter rate of interest redemption repaid repayment result schedule selling semi-annual coupons Show sinking fund straight term bond uniform unit Verify whole yearly yield rate