Garcia Company issues 12.00%, 15-year bonds with a par value of $270,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.00%, which implies a selling price of 115 3/4. Confirm that the bonds' selling price is approximately correct. Use the present value tables B.1 and B.3 in Appendix B. (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.) p = 1/(1 + i)^8 p = [1 - 1/(1 + i)^8]/i