Using a financial calculator, solve for the unknowms in each of the following situations: (a) On June 1,2021. Elizabeth Lawrence purchases lakefront property from her neighbor, Josh Hutchersch, and agrees to pay the purchase price in 6 payments of $14,000 each, the first payment to be payable June 1: 2022 . (Assume that interest compounded at an annual rate of 6.20% is implicit in the payments) What is the purchase price of the properfy? (Round answer to 2 decimal places, es 25254 The purchase price of the peoperty (b) On January 1, 2021. Chevenne Corp. purchased 500 of the $1,000 tace value, 8% coupen, 10 -vear bonds of 5 age Hill Inc. The bonds mature on January 1, 2031, and pay interest annually beginning January 1.2022. Cheyenne purchased the bonds to yield 10.65\%, How much did Cheyenne pay for the bonds? (Round answer to 2 decimal ploces es 25.25) Cherenne pryfor the bonds 5