Use your calculator, XLS and formula to answer the following questions: a. The First Common Bank offers loans at an APR (Nominal Rate) of 7.5% (interest compounded monthly). If you borrow $50,000 for 1 year, how much interest will you have paid and what is the banks APY (Effective Rate)? b. Five years ago, INTEL Corporation issued an 6.33% coupon (paid semi-annually), 10-year, AA-rated bond at its par value of $1000. Currently, the yield to maturity on these bonds is 8%. Calculate the price of the bond today. Bond Price = par value x 1/ (1+r)^n + coupon x (1-1/(1+r)^n/r)