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please solve carefully this question, thank you so much Barnwell Corp, purchased five $1,0008% bonds of Circuit Corporation when the market rate of interest was
please solve carefully this question, thank you so much Barnwell Corp, purchased five $1,0008% bonds of Circuit Corporation when the market rate of interest was 6%. Interest is paid semiannually, and the bonds will mature in five years: Using the PV function in Excef? , compute the price Barnwell paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the poriod. Round your answer to the noarest cent.) Bamwall paid on the bond investment
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