View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. Using a financial calculator, solve for the unknowns in each of the following situations. (a) On June 1, 2021, Donna Lawrence purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 10 payments of $18,000 each, the first payment to be payable June 1, 2022. (Assume that interest compounded at an annual rate of 7.60% is implicit in the payments.) What is the purchase price of the property? (Round answer to 2 decimal places, e.g. 25.25.) Purchase price of the property (b) On January 1, 2021, Pharoah Corporation purchased 250 of the $1,000 face value, 7% coupon, 10-year bonds of Sterling Inc. The bonds mature on January 1, 2031, and pay interest annually beginning January 1, 2022. Pharoah purchased the bonds to yield 9.20%. How much did Pharoah pay for the bonds? (Round answer to 2 decimal places, e.g. 25.25.) Pharoah paid for the bonds eTextbook and Media Save for Later Attempts: 1 of 3 used Submit