Hugh Curtin borrowed $32,400 on July 1, 2017. This amount plus accrued interest at 7% compounded annually is to be repaid on July 1, 2022.

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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

How much will Hugh have to repay on July 1, 2022?(Round answer to 2 decimal places, e.g. 25.25.)

Amount to be repaid on July 1, 2022 $__________

Brief Exercise G-9

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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

(a)What is the present value of $29,400 due 8 periods from now, discounted at 6%?(Round answer to 2 decimal places, e.g. 25.25.)

Present value$________

(b)What is the present value of $29,400 to be received at the end of each of 12 periods, discounted at 12%?(Round answer to 2 decimal places, e.g. 25.25.)

Present value$________

Brief Exercise G-14

Blossom Company is about to issue $250,000 of 6-year bonds paying an 8% interest rate, with interest payable semiannually. The discount rate for such securities is 8%.

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(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

How much can Blossom expect to receive for the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,525.)

Blossomcan expect to receive $__________