Using a financial calculator, solve for the unknowns in each of the following situations.On June 1, 2014, Linda Cuningham purchases lakefront property from her neighbor, Donald Fancher, and agrees to pay the purchase price in 11 payments of $13,600 each, the first payment to be payable June 1, 2015.What is the purchase price of the property?
The purchase price of the property : On January 1, 2014, Noonan Corporation purchased 190 of the $1,000 face value, 7% coupon, 10-year bonds of Lumley Inc. The bonds mature on January 1, 2022, and pay interest annually beginning January 1, 2015. Noonan purchased the bonds to yield 8.67%. How much did Noonan pay for the bonds?