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1- A $5000 bond bearing interest at 7% payable semi-annually matures in 8 years. If it is bought to yield 6% compounded semi-annually, what is

1- A $5000 bond bearing interest at 7% payable semi-annually matures in 8 years. If it is bought to yield 6% compounded semi-annually, what is the purchase price of the bond.

2- How long does it take for money to double at 8% compounded quarterly?

please answer both step by step do not use excel

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