On january 1 2021 water world issues $26 million of 7% bonds, due in 10 years with interest payable semiannually on june 30 and december 31 each year. water world intends to use the funds to build the worlds largest water avalanche and the tornado- a giant outdoor vortex in which riders spin in progressively smaller and faster circles until they drop through a small tunnel at the bottom.

1-a. if the market rate is 6% calculate the issue price. (fv of $1, pv of $1, fva of $1, and pva of $1)

2-a. if the market rate is 7% calculate the issue price

3-a. if the market rate is 8% calculate the issue price

The mccolls have made an offer on a new home. the home is new construction and scheduled to be completed by the end of the year. they provide a purchase deposit--a check in the amount of $40,000--to their agent, suzette. suzette, at the broker's direction, deposits the earnest money in the broker's trust fund account within two business days of receipt of the funds. did suzette follow the proper procedures? a. no, the check should not have been cashed. if a check is used as an earnest money deposit, it is to be held until acceptance of the offer. the seller must also be informed the buyer's check is being held and not negotiated.b. yes, suzette deposited the earnest money in the broker's trust fund account as directed. she also deposited the check within three business days of receipt. unless there were written instructions to hold the check until acceptance of the offer, the check may be cashed.c. no, suzette needed to deposit the earnest money in the broker's trust fund account within two days of receipt, not necessarily two business days.d. both a and c