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# Can you help me understand how these totals (payments and face value) were reached?

Can you help me understand how these totals (payments and face value) were reached?

Bond Interest Rate 8%

Market Interest Rate 6%

Term 10 years

Payments 20

Bond Total $1,000,000

Payment $40,000,000

Payments: $595,098.99

Face Value: $553,675.75

$1,148,774.74