Current Attempt in Progress Using Excel or a financial calculator, solve for the unknowns in each of the following situations. (a) On June 1, 2024, Susan Lawrence purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 7 payments of $13,500 each, the first payment to be payable June 1, 2025. (Assume that interest compounded at an annual rate of 6.70% 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, 2024, Sunland Corporation purchased 200 of the $1,000 face value, 9% coupon, 10-year bonds of Sterling Inc. The bonds mature on January 1, 2034, and pay interest annually beginning January 1, 2025. Sunland purchased the bonds to yield 11.50%. How much did Sunland pay for the bonds? (Round answer to 2 decimal places, e.g. 25.25.) Sunland paid for the bonds $

Using Excel or a financial calculator, solve for the unknowns in each of the following situations. (a) On June 1,2024, Susan Lawrence purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 7 payments of $13,500 each, the first payment to be payable June 1,2025. (Assume that interest compounded at an annual rate of 6.70% is implicit in the payments). What is the purchase price of the property? (Round answer to 2 decimal places, es 25.25. Purchase price of the property $ (b) On January 1, 2024, Sunland Corporation purchased 200 of the $1,000 face value, 9% coupon, 10 year bonds of Sterling Inc. The bonds mature on January 1,2034, and pay interest annually beginning January 1,2025. Sunland purchased the bonds to yield 11.50%. How much did Sunland pay for the bonds? (Round onswer to 2 dectmal places, eg. 25.25.) Sunland paid for the bonds $