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A bond with a face value of $4,000 pays quarterly interest of 1.5 percent each period. Twenty-six interest payments remain before the bond matures. How
A bond with a face value of $4,000 pays quarterly interest of 1.5 percent each period. Twenty-six interest payments remain before the bond matures. How much would you be willing to pay for this bond today if the next interest payment is due now and you want to earn 8 percent compounded quarterly on your money? Click the icon to view the table of compound interest factors for discrete compounding periods when i = 2%. You should pay $ (Round to the nearest cent as needed.)Single Payment Uniform Series Series Arithmetic Compound Present Sinking Uniform Capital Present Gradient Amount Worth Fund Series Recovery Worth Series Factor Factor Factor Factor Factor Factor Factor N (F/P,i,N) (P/F,i, N) (A/F,i,N) (F/A,i,N) (A/P,i,N) (P/A,i,N) (A/G,i,N) 1.0200 0.98039 1.00000 1.0000 1.0200 0.98039 0.00000 1.0404 0.96117 0.49505 2.0200 0.51505 1.9416 0.49505 1.0612 0.94232 0.32675 3.0604 0.34675 2.8839 0.98680 1.0824 0.92385 0.24262 4.1216 0.26262 3.8077 1.4752 1.1041 0.90573 0. 19216 5.2040 0.21216 4.7135 1.9604 1.1262 0.88797 0. 15853 6.3081 0.17853 5.6014 2.4423 1.1487 0.87056 0. 13451 7.4343 0.15451 6.4720 2.9208 1.1717 0.85349 0. 11651 8.5830 0.13651 7.3255 3.3961 1.1951 0.83676 0. 10252 9.7546 0. 12252 8.1622 3.8681 10 1.2190 0.82035 0.09133 10.950 0.11133 8.9826 4.3367 11 1.2434 0.80426 0.08218 12.169 0. 10218 9.7868 4.8021 12 1.2682 0.78849 0.07456 13.412 0.09456 10.575 5.2642 13 1.2936 0.77303 0.06812 14.680 0.08812 11.348 5.7231 14 1.3195 0.75788 0.06260 15.974 0.08260 12.106 6.1786 15 1.3459 0.74301 0.05783 17.293 0.07783 12.849 6.6309 16 1.3728 0.72845 0.05365 18.639 0.07365 13.578 7.0799 17 1.4002 0.71416 0.04997 20.012 0.06997 14.292 7.5256 18 1.4282 0.70016 0.04670 21.412 0.06670 14.992 7.9681 19 1.4568 0.68643 0.04378 22.841 0.06378 15.678 8.4073 20 1.4859 0.67297 0.04116 24.297 0.06116 16.351 8.8433 21 1.5157 0.65978 0.03878 25.783 0.05878 17.011 9.2760 22 1.5460 0.64684 0.03663 27.299 0.05663 17.658 9.7055 23 1.5769 0.63416 0.03467 28.845 0.05467 18.292 10.132 24 1.6084 0.62172 0.03287 30.422 0.05287 18.914 10.555 25 1.6406 0.60953 0.03122 32.030 0.05122 19.523 10.974 26 1.6734 0.59758 0.02970 33.671 0.04970 20.121 11.391 27 1.7069 0.58586 0.02829 35.344 0.04829 20.707 11.804 28 1.7410 0.57437 0.02699 37.051 0.04699 21.281 12.214 29 1.7758 0.56311 0.02578 38.792 0.04578 21.844 12.621 30 1.8114 0.55207 0.02465 40.568 0.04465 22.396 13.025 31 1.8476 0.54125 0.02360 42.379 0.04360 22.938 13.426
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