Mary purchases a bond having a face value of exist1,000 for exist950. The bond rate is 8% payable semi-annually. The bond has a remaining life of 5 years.. Assume the bond will be redeemed for face value/The yield rate earned on the investment is nearest to? (a) equal to 4% (b) less than 8% (c) equal to 8% (d) greater than 8% An engineer deposits exist1,000 in year 1, exist1, 500 in year 2, and amount increasing by exist500 per year through year 6. At an interest rate of 10% per year, draw the cash flow diagram and determine the present worth at year 0