$6.$ A strip bond that will mature $7(1)/(2)$ years from now at its $$13,000\mathrm{.}00$ face value can be purchased today for $$9042\mathrm{.}00.$ What rate of return $($compounded semi$-$annually$)$ will this strip bond provide to an investor? Round the answer to the nearest $0\mathrm{.}001\%\mathrm{.}7.$ As marketing manager, you want to pursue a new product development for which you require $$1,000,000\mathrm{.}00$ for research. However, budgetary constraints mean you can only receive $$850,000\mathrm{.}00.$ If you take your budget and invest it at $8\mathrm{.}7\%$ c$.$m$.,$ how long will it be before you can pursue the necessary research for the project? Round the answer to the nearest month$\mathrm{.}8.8.$ Barney is an entrepreneur trying to keep his business afloat. He has missed two payments to a creditor. The first was $$3485\mathrm{.}00$ seven months ago and the second was for $$5320\mathrm{.}00$ one month ago. Barney has had discussions with his creditor, who is willing to accept $$4000\mathrm{.}00$ one month from now and a second payment in full six months from now. If the agreed upon interest rate is $7\mathrm{.}35\%$ c$.$m$.,$ what is the amount of the second payment?$9.$ A popular credit card has a nominal interest rate of $26\%$ c$.$m$.$ What effective rate is being charged? Round the answer to the nearest $0\mathrm{.}001\%\mathrm{.}10.$ Convert $8\mathrm{.}45\%$ c$.$s$.$a$.$ to a nominal rate compounded monthly. Round the answer to the nearest $0\mathrm{.}001\%\mathrm{.}11.11.$ How much larger will the future value of a RESP be at the end of $18$ years if the contributor makes month$-$end contributions of $$150\mathrm{.}00,$ instead of year$-$end contributions of $$1800\mathrm{.}00?$ In both cases, the RESP earns $10\%$ c$.$m$.$