Issue price of a bond abbott, inc., plans to issue $500,000 of ten percent bonds that will pay interest semiannually and mature in five years. assume that the effective interest rate is 12 percent per year compounded semiannually. calculate the selling price of the bonds. round answers to the nearest whole number. selling price of bonds is

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?