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5. Compute the price of $2,985,904 received for the bonds by using Exhibit 5 and Exhibit 7. (Round you PV values to 5 decimal places

5. Compute the price of $2,985,904 received for the bonds by using Exhibit 5 and Exhibit 7. (Round you PV values to 5 decimal places and the final answers to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences.

Present value of the face amount $
Present value of the semi-annual interest payments $
Price received for the bonds

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