Rodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers Corporation issued $58,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $61,772,146. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

Compute the price of $61,772,146 received for the bonds by using Table 1, Table 2, Table 3 and Table 4. Round to the nearest dollar. Your total may vary slightly from the price given due to rounding differences.

Present value of the face amount	$
Present value of the semiannual interest payments
Price received for the bonds

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