please show work
A municipality needs funding for upcoming infrastructure (water and sewer line) repair or replacement. They issue a series of $1,000, 6% semiannual, 12-year bonds. The bonds are initially sold at a discount for $900. If you buy a bond and sell it for $790 immediately following the 8th interest payment, what is your effective annual rate of return? Click here to access the TVM Factor Table calculator. % Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.02. If you buy a bond for $900, plan to sell it immediately following the 14th interest payment, and want to earn 7% compounded semiannually on your money, what must be the selling price? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.05. You want to buy one of these bonds from a friend who has held the bond for 4 full years, receiving 8 semiannual payments. You plan to keep the bond to maturity and want to earn 7% semiannual on the investment. What is the most you should pay for it? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.05. A municipality needs funding for upcoming infrastructure (water and sewer line) repair or replacement. They issue a series of $1,000, 6% semiannual, 12-year bonds. The bonds are initially sold at a discount for $900. If you buy a bond and sell it for $790 immediately following the 8th interest payment, what is your effective annual rate of return? Click here to access the TVM Factor Table calculator. % Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.02. If you buy a bond for $900, plan to sell it immediately following the 14th interest payment, and want to earn 7% compounded semiannually on your money, what must be the selling price? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.05. You want to buy one of these bonds from a friend who has held the bond for 4 full years, receiving 8 semiannual payments. You plan to keep the bond to maturity and want to earn 7% semiannual on the investment. What is the most you should pay for it? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places. The tolerance is +0.05
