gorithmic Exercises w HINTS 1,4,12 i On June 30, 2024, Single Computers issued 5% stated rate bonds with a face amount of $320 million. The bonds mature on June 3 2039 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (2.5 on June 30 and December 31, beginning on December 31, 2024. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) Required: 1. Determine the price of the bonds on June 30, 2024. 2. Calculate the interest expense Single reports in 2024 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Table values are based on Determine the price of the bonds on June 30, 2024. Note: Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount, not in millions. Cash Flow Saved n = i = 4 Amount Present Value < Prev Help 7 of 7 Next Check my w