How should (1/1+6)^1 and all the other (1/1+6)^? be entered on the calculator on the Bing or Google search engine? I am unable to get 7.360087 after I find the sum of all the numbers I obtain.

b. Compute present value of interest as given below: Present value of interest = Semi-annual interest x PVAF 6%10 + 1600 +G+ 10 |+61762 1+6% 1 +6% 1 +6% 1+6% 1 1 1 1 = $7,500x + 1 +6% 1 +6% 1+6% 1 +6% 1 1 1+6% 1+6% = $7,500x 7.360087 = $55,200.65 Thus, present value of interest is $55,200.65. Interest received in every six months for 5 years. Selling price of the bonds include present value of all the interest which is paid for 5 years. Semi-annual interest is multiplied with present value annuity factor at 6% (half year effective rate) for 10 semi-annual periods