We are given with
F = 1000
b = 22.50
P = 100.8
We use the formula to get the coupon rate
b = Fib
Substituting the given values
22.50 = 1000 ib
ib = 0.0255 or 2.25%
The coupon rate is 2.25%
<span>c.<span>Loan I's monthly payment will be $11.88 smaller than Loan H's.</span></span>
Answer:

Step-by-step explanation:
Given
Straight Line, PS
Such that


Required
Find PS
From the attachment above, it can be seen that RS is a continuation of PS;
This implies that

Substitute
and 

Collect like terms


Hence, the length of PS is 