Exodus Limousine Company has $$1,000$ par value bonds outstanding at $8$ percent interest. The bonds will mature in $40$ years with

annual payments. Use Appendix B and Appendix $D.{?}_{(}).$

Compute the current price of the bonds if the current yield to maturity is: $($Round $"$PV Factor" to $3$ decimal places. Do not round

intermediate calculations. Round the final answers to $2$ decimal places.$)$

Sarah Adia owes $$39,000$ now. A lender will carry the debt for seven more years at $10$ percent interest. That is$,$ in this particular case,

the amount owed will go up by $10$ percent per year for seven years. The lender then will require that Sarah pay off the loan over the

next $16$ years at $12$ percent interest.

What will her annual payment be$?$ Use Appendix A and Appendix D$.($Round $"$FV Factor" and $"$PV Factor" to $3$ decimal places. Round

the final answer to nearest whole dollar.$)$

Annual payment $