Hi All,

Can anybody please advise how to calculate payment in year 1 on a Partially Amotrized Bond with a balloon payment at maturity.

Per reading 52- the answer should be $201.92

_ **Details:** _

**Principal amount** : $1000

**Maturity** : 5 years

**Balloon payment at maturity** : $200

**Coupon rate** : 6%

**Market interest rate** : 6% (constant)

Thanks