I want the math and the way on how to solve this question?

8.8 A bank buys bonds with a par value of $20 million for $19,140,090. The coupon rate is 10%, and the bonds pay annual payments. The bonds mature in 6 years. The bank wants to sell them in 3 years, and estimates the required rate of return in 3 years will be 7%. What will the market value of the bonds be in three years? Ans. $21,574,590. 3 7 $2,000,000 $20,000,000 N 1 PV PMT FV $21,574,590