7. Determine the payment needed to settle an invoice with a net amount of $950, dated September 22, terms 2/10, n/30, if the invoice is paid a. on October 10; b. on October 1; Question 18-19 refer to the following compounded semiannually is to be repaid by monthly payment 16A 560,000 loan at 12 of $1.000. How long will it take to pay off the loan? c. 7 years 7 months b. 7 years and 6 months d. 8 years and 3 months 19. What is the size of the final payment. a. $685.83 b. $692.52 c. $1,000.00 $.$307.47 20. A bond is purchased at a discount if the a. purchase price is greater than the principal b. purchase price equals the principal C. purchase price is less than the principal d. coupon rate equals the yield rate. Question 21-22 refer to the following: A $5,000, 8% bond with semiannual coupons redeemable at par is bought six years before maturity to yield 6.5% compounded semiannually. 21. What is the purchase price of the bond? a. $5,285.65 b. $5,688.90 C . $6,856.65 d. $5,367.77 22. What is the bond premium or discount? a. $688.90 (premium) b. $688.90 (discount) (discount) C. $367.77 (premium) d. $67.77 23. A $1,000 bond bearing interest at 8% payable semiannually redeemable at parc February 1, 2020, was purchased on October 12, 2013, to yield 7% compounded semiannually. What was the purchase price? a. $1,050.11 b. $1,000.00 c. $1,065.76 d. $1,565.22 24. The expected profits from a $300,000 investment are $75,000 in each of Year $85,000 in each of Years 4-6 and $100,000 in each of Years 7 and 8. If the comp a. $411,075 b. $111,075 requires a rate of return of 12%, compute the net present value of the investmen c. $194,179 d. $186,175