5. Edgar Echeverria is 28 years old and is already investing for his retirement. He today purchased a new issue of zero coupon bonds issued by the Farmat Pharmaceutical Corp which will pay him the total face value of the bonds in the amount of $120,000 when he retires at the age of 65 and the bonds mature at that time. If the YTM on these bonds are 7.85%, how much did he pay today for the bonds ? Assume semiannual compounding periods