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On January 1. Hoaku, Inc. issued a 30 year semiannual bond with a face value of $500,000 that pays 80% interest On the date of

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On January 1. Hoaku, Inc. issued a 30 year semiannual bond with a face value of $500,000 that pays 80% interest On the date of issue. the market for similar bonds was 72%. How much was Hoaku able to raise from issuing this bond? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the doliar symbol:\$ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example 12345.67 Please complete the TVM Framework table to compute the amount that Hoaku was able to raise by issuing this bond. What Excel function and arguments to that function would you use to compute this value? -function( rate, nper., pmt, [FV). [type])

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