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The City Seattle plans to issue bonds with a par value of $ 3 , 0 0 0 that will issue 7 % quarterly payments

The City Seattle plans to issue bonds with a par value of
$3,000that will issue7% quarterly payments for
3years. If a purchaser wants earn5% per quarter over
the lifetime of the bond, how much would the purchaser be willing
to pay for the bond?please show full formulas

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