3 Matthew Mfg., Inc. purchased 500 bonds on Jan. 1, 2021. The bonds have a face value of $1,000, a term of ten years, and pay interest semi-annually. The ANNUAL bond rate of interest is 3.5%. Matthew bought the bonds a price which will generate a yield (market rate) of 4%. How much did Matthew pay for the 500 bonds? 4 Jacquleen needed a new $70,000 Corvette. She intends to take advantage of the favorable interest rates and borrow the entire amount at an annual interest rate of 6% over a period of three years, payable in monthly installments. a Compute the amount of the monthly payment b Prepare a loan amortization schedule for the first three payments