Last month jim purchased $10,000 of u. s. treasury bonds (their face value was $10,000). these bonds have a 30-year maturity period, and they pay 1.5%interest every threemonths (i. e., theapris 6%, and jim receives a check for $150 every three months). but interest rates for similar securities have since risen to a 7% apr because of interest rate increases by the federal reserve board. in view of the interest-rate increase to 7%, what is the current value of jim’s bonds?

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.