3. You would want to purchase a car at graduation for $10,000. So you negotiate with your grandmother (politely ask her, I should say!) to start you off with a $1500 payment instead of the $500 mentioned in the previous problem and then continue making the $1,500 annual payments. If interest rate at your bank is 5% compounded semi-annually, how many years will it be before you can buy your car? Show all work as demonstrated in the live class, and as described in the instructions previously sent to you and posted on Canvas. BGN or END Mode (delete one) PY N I/Y PV PMT FV CPT? 4. What is the current price of a $1.000 por bond with 8 years left to maturity, a coupon rate of 10% paid monthly, assuming the similarly compounded market interest rate is 12%? + BGN or END Mode (delete one) P/Y N 1/Y PV PMT FV CPT? English (United States)