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I have a TI-83 calculator. Can you please show me how to use the calculator and the TMV solver (like what do I put for
I have a TI-83 calculator. Can you please show me how to use the calculator and the TMV solver (like what do I put for n, i, pv, pmt, and fv??) so I can figure this question out? Thank you
A company issued 6%, 10-year bonds with a face amount of $75 million. The market yield for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Enter your answers in whole dollars. Round final answers to the nearest whole dollar.) Table values are based on: 20 3.5% Present Value Cash Flow Amount 2,250,000 $ Interest Principal 75,000,000 Price of bondsStep by Step Solution
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