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please help !! is what i'm doing correct? how do i get the sales price of bond? need to be done on excel using formula,

please help !! is what i'm doing correct? how do i get the sales price of bond?
need to be done on excel using formula, but i'm stuck
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Part 1 -- Bonds: 1. National Company issued a 7.594, Z-year bond, dated January 1, 2020 with a face amount of $600,000 on January 1, 2020. The bonds mature on December 31, 2026. The market yield for bonds of similar risk and maturity was 5.5%. Interest is made semiannually on June 30 and December 31. REQUIRED: a. Determine the price of the bonds at January 1, 2020 (be certain to include all of the "Given" information as discussed in class). b. Prepare a bond amortization table using the effective interest method (as reviewed in class), and make certain to obtain totals for the columns of Cash Interest Paid, Interest Expense, and Premium Amortization. c. Prepare the journal entry to record their issuance by National Company on January 1, 2020. d. Prepare the journal entry recording the first interest payment on June 30,2020. A B E 1 Given: 2 Par value (face value) : $ 600,000.00 3 No. of years: 7 4 No. of Periods: 14 5 Coupon rate: 7.50% 6 Semi-annual coupon rate: 3.75% 7 Market rate: 5.50% 8 Semi-annual Market rate: 0.0275 9 PMT: cash payment: $ 22,500.00 10 Sales Price of bond: =PVC 11 PV(rate, nper, pmt, [fv], [type]) 12 PV of Bond: 13 PV of Coupon Payment: 14 Total price of Bond: 15 16

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