Question $5$

$5$ pts

Deltona Motors just issued $225,000$ zero coupon bonds. These bonds mature in $20$ years, have a par value of $$1,000,$ and have a yield to maturity of $7\mathrm{.}45$ percent. What is the approximate total amount of money the company raised from issuing these bonds? $($Assume semi$-$annual compounding$)$

$$48\mathrm{.}20$ million

$$55\mathrm{.}14$ million

$$52\mathrm{.}10$ million

$$162\mathrm{.}08$ million

$$225\mathrm{.}00$ million