Multiple Choice Question

A company issued $$50,000$ of $8\%,10-$year bonds on January $1.$ The bonds pay semi annual interest. The present value factor of a single amount of $20$ periods at

$8\%$ is $0\mathrm{.}2145.$ The present value of $10$ periods at $4\%$ is $0\mathrm{.}6756.$ The present value of $20$ periods at $4\%$ is $0\mathrm{.}4564.$ Determine the present value of the par value of the

bonds.

$$33,780$

$$10,725$

$$22,820$

$$50,000$