n = 40

I = 5%

What is Interest amount? Calculate interest PV.

What is Principal amount? Calculate PV.

On September 30, 2021, the San Fillipo Corporation issued 8% stated rate bonds with a face amount of $200 million. The bonds mature on September 30, 2041 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30. (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.) Required: Determine the price of the bonds on September 30, 2021. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) Table values are based on: n = i = Cash Flow Amount Present Value Interest Principal Price of bonds