(a) On June 1, 2021, Helen Martin purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 9 payments of $17,000 each, the first payment to be payable June 1, 2022. (Assume that interest compounded at an annual rate of 7.40% is implicit in the payments.) What is the purchase price of the property? (Round answer to 2 decimal places, e.g. 25.25.) The purchase price of the property $ (b) On January 1, 2021, Swifty Corporation purchased 200 of the $1,000 face value, 9% coupon, 10-year bonds of Sterling Inc. The bonds mature on January 1, 2031, and pay interest annually beginning January 1, 2022. Swifty purchased the bonds to yield 11.00%. How much did Swifty pay for the bonds? (Round answer to 2 decimal places, e.g. 25.25.) Renfro pay for the bonds $

(a) On June 1,2021, Helen Martin purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 9 payments of $17,000 each, the first payment to be payable June 1, 2022. (Assume that interest compounded at an annual rate of 7.40% is implicit in the payments.) What is the purchase price of the property? (Round answer to 2 decimal ploces, es. 25.25.) The purchase price of the property $ (b) On January 1, 2021, Swifty Corporation purchased 200 of the $1,000 face value, 9% coupon, 10-year bonds of Sterling Inc. The bonds mature on January 1,2031, and pay interest annually beginning January 1,2022. Swifty purchased the bonds to yield 11.00%. How much did Swifty pay for the bonds? (Round answer to 2 decimal ploces, es. 25.25.) Renfropay for the bonds $