How do we find the price of our bond

We want to replicate a cash flow of c at time T = 1

Observe some interest rate, y1, that is valid over the time
[0,1]
Today, deposit M1 such that M1(1 + y1) = c
Find that M1 = c/(1 + y1)

We want to replicate a cash flow of FV + c at time T = 2

Observe some interest rate, y2, that is valid over the time
[0,2]
Today, deposit M2 such that M2(1 + y2)2 = FV + c
Find that M2 = (FV + c)/(1 + y2)2

Our complete strategy costs

M1 + M2 = c/(1 + y1) + (FV + c)/(1 + y2)2