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Compute the price of $50,118,144 received for the bonds by using Table 1, Table 2, Table 3 and Table 4. Round to the nearest dollar.
Compute the price of $50,118,144 received for the bonds by using Table 1, Table 2, Table 3 and Table 4. Round 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 | |
Price received for the bonds | $50,118,144 |
I am not understanding how to figure out the present value or the semiannual interest payment value at all.
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