Hugh Curtin borrowed $33,900on July 1, 2017. This amount plus accrued interest at10% compounded annually is to be repaid on July 1, 2022.

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

(a)What is the present value of $32,600due11periods from now, discounted at8%?(Round answer to 2 decimal places, e.g. 25.25.)

(b)What is the present value of $32,600to be received at the end of each of7periods, discounted at12%?(Round answer to 2 decimal places, e.g. 25.25.)

Carla Vista Co.is about to issue $311,700of7-year bonds paying an12% interest rate, with interest payable semiannually. The discount rate for such securities is8%.

How much canCarla Vistaexpect to receive for the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,575.)