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Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Banek Inc. issued $ 8 4 0 , 0

Analyzing and Reporting Financial Statement Effects of Bond Transactions
On January 1 of the current year, Banek Inc. issued $840,000 of 8%, nine-year bonds for $741,807, which implies a market (yield) rate of 10%. Semiannual interest is payable on June 30 and December 31 of each year.
a. Show Excel inputs to confirm the bond issue price.
Note: Round your answer to two decimal places.
\table[[rate =
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