Compute the selling price of 6.00%, 15-year bonds with a par value of $470,000 and semiannual interest payments. The annual market rate for these bonds is 4.00%. Use present value Table B.1 and Table B.3 in Appendix B. Note: Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount. Cash Flow $470,000 par (maturity) value $14,100 interest payment Price of Bond Table Value Present Value

Compute the selling price of 6.00%,15-year bonds with a par value of $470,000 and semiannual interest payments. The annual market rate for these bonds is 4.00%. Use present value Table 81 and Table 83 in Appendix B Note: Round all table values to 4 decimal places, and use the rounded table values in calculations. Round your other final answers to nearest whole dollar amount. Table B.1* Preseat Value of I m=1+in Table B3itPresent Valoe of as Anenity of 1 p=[l1/a+i)]i