A municipal government is selling bonds to raise funds to help make capital improvements to its waste water treatment plants. The bonds will yield $6,000 in eight years at a discounted percentage of 9%; the current market rate is very favorable at 12%. Interest will be paid quarterly. Express answers in dollars and cents with commas and dollar sign. What is the discounted purchase price? What is the interest paid annually? How much total interest is earned over the life of the bond? How much money does each bond holder earn by the time her bond matures in eight years?