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accounting, put the process please Barnwell Corp, purchased fifteen $1,000 4% bonds of Current Power Corporation when the market rate of interest was 8% Interest

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Barnwell Corp, purchased fifteen $1,000 4% bonds of Current Power Corporation when the market rate of interest was 8% Interest is paid semiannually and the bonds will mature in four years Using the PV tunction in Excel".compute the price Barwell paid (me present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period Round your answer to the nearest cent) Barwell paid on the bond investment

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