January is of 2019 The Richard Pryor Company Prvo purchased $18.000 in Plant Property & C omentan The company plans on funding this amount by the sale of year bonds. The interest will be pad semi-annually une 30 and December and the coon rate is 12.03. before the bonds were issued, the Federal Reserve made an announcement that changed interest rates, making the market rate for Pryor's bonds 10.04. What is the present value of the Interest payments of the bonds. Round to the nearest dollar 53,893 14.094 57.949 $1,339