1. present value and accumulated value of bond 
   债券的现值和终值
2. Applying the present value formula to obtain the price of the bond:  
   根据以上方程式可算出债券的价格：
3. The face amount or par value is the amount that the bond issuer has agreed to repay.  
   债券的面值是发行债券的机构承诺偿还的金额。
4. A rise in interest rates will reduce the price, or present value of all the future cashflows, of the bond. 
   利率升高会使债券价格下跌。
5. Conversely, a fall in interest rates will in-crease the price, or present value of all future cashflows of the bond. 
   相反的，利率下跌债券价格就会上升。

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