Compute the price of $$42,309,236$ received for the bonds by using the Present value at compound interest, and Present value of an annuity. Round your 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 semiannual interest payments

Proceeds of bond issue

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Calculate the present value of the face amount of the bonds by using the the Present Value of $$1$ table. Calculate the present value of the semiannual interest payments by using the Present Value of an Annuity of $$1$ table.