Question 4 Devin has a debt of $10,000.00 with Interest at 8% compounded semi-annually, which is to be repaid by equal payments at the end of every six months for two years. Calculate the size of the monthly payments. Nicholas has a $50,000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it is bought by Shawn to yield 5.7% compounded semi-annually, what is the purchase price of the bond