Katie Pairy Fruits Incorporated has a $$2,10022-$year bond outstanding with a nominal yield of $18$ percent $($coupon equals $18\%\backslash$times $$2,100=$ $$378$ per year$).$ Assume that the current market required interest rate on similar bonds is now only $12$ percent. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the current price of the bond. the answer is not $3041\mathrm{.}22$

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places. Assume interest payments are annual.

Find the present value of $6$ percent $\backslash$times $$2,100($or $$126)$ for $22$ years at $12$ percent. The $$126$ is assumed to be an annual payment. Add this value to $$2,100.$

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places. Assume interest payments are annual. I NEED HELP UNDERSTANDING HOW TO GET THE ANSWER