Using a financial calculator, solve for the unknowns in each of the following situations.

$($a$)$ On June $1,2021,$ Michelle Walker purchases lakefront property from her neighbor, Josh Hutcherson, and agrees to pay the purchase price in $7$ payments of $$20,000$ each, the first payment to be payable June $1,2022.($Assume that interest compounded at an annual rate of $8\mathrm{.}00\%$ is implicit in the payments.$)$ What is the purchase price of the property? $($Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

The purchase price of the property

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$($b$)$ On January $1,2021,$ Sunland Company purchased $150$ of the $$1,000$ face value, $6\%$ coupon, $10-$year bonds of Sterling Inc: The bonds mature on January $1,2031,$ and pay interest annually beginning January $1,2022.$ Sunland purchased the bonds to yield $8\mathrm{.}90\%.$ How much did Sunland pay for the bonds? $($Round answer to $2$ decimal places, e$.$g$.25\mathrm{.}25.)$

Renfro pay for the bonds

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