Please use Excel to answer the following TVM questions. You can use this spreadsheet to set up your calculations if you so desire. Unless indicated otherwise, assume that all of the problems are ordinary annuities (payment made at the end of the period).

Part 5 A company is going to issue debt in the form of bonds. The bonds will pay $50 every 6 months to the bond investor. The bonds have a 10 year term and when the bonds mature, the issuing company will pay $1,000 for each bond. The annual yield (underlying interest rate on the bond) is 11%. How much can the issuing company sell these bonds for today? Present Value (PV) = Future Value (FV) = Payment (PMT) = Payments or periods per yr (P/YR) = Annual Interest Rate (RATE) = Number of periods (NPER) =