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help answer both pls 1. A debt of $33 000 is repaid by payments of $3000 made at the end of every six months. Interest

help answer both pls

1. A debt of $33 000 is repaid by payments of $3000 made at the end of every six months. Interest is 7.1% compounded semi-annually.

How many payments are needed to repay the debt?What is the size of the final payment?

2. A $7000, 8.5% bond with semi-annual coupons redeemable at par in 6 years was purchased at 99.8.

What is the approximate yield rate?

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