(A) Brock purchases equipment that has a fair value of $65,000. Brock pays $10,000 as a downpayment, and also issues a note with principal of $75,000, and pays interest of 1% annually, with the principal due in 10 years. What is the market rate for the note? (round to the nearest .1%) N= |= PMT= FV=75,000 PV=65,000 Work (if necessary) Answer (B) Bryce Manufacturing is going to issue a $10,000 bond on Jan. 1, 2020. The bond pays interest of 5%, payable semi-annually on July 1 and January 1. The bonds mature in 10 years. The market rate of interest is 6% at the time of issue. How much did Bryce receive from the issuance of the bonds? N= Work (if necessary) Answer |= PMT = FV = PV = (C) Brennan is wanting to retire at 55 and have $3 million dollars at that point. Right now Brennan is 25 (so 30 years) and currently has $100,000 invested in the market. If Brennan can earn 6%, how much will Brennan need to invest each year (end of the year) to reach his goal? N= |= Work Answer PMT= FV = PV=