Using a financial calculator, solve for the unknowns in each of the following situations. (a) On June 1, 2021, Betty Lawrence purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in 11 payments of $16,500 each, the first payment to be payable June 1, 2022. (Assume that interest compounded at an annual rate of 7.30% 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, Cullumber Corporation purchased 150 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. Cullumber purchased the bonds to yield 9.90%. How much did Cullumber pay for the bonds? (Round answer to 2 decimal places, e.g. 25.25.) Cullumber paid for the bonds $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit