16. 4.20 An investment broker that Ava trusts recommended that she purchase a $50,000, 15-year municipal bond that generates a dividend of 4% per year payable quarterly. She will pay a discounted amount of

$45,000 now for the bond. In general, Ava hopes to make 8% per year compounded quarterly on her investments. Using the PW value, determine if this is a financially advantageous investment for her. Solve with

(a) factors, and

(b) one single-cell spreadsheet function.