Tamarisk Ltd. is about to issue $1,050,000 of 10-year bonds that pay a 7% annual interest rate, with interest payable semi-annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Tamarisk expect to receive for the sale of these bonds?

Tamarisk Ltd. is about to issue $1,050,000 of 10-year bonds that pay a 7% annual interest rate, with interest payable semi-annually. The market interest rate is 8%. Assuming all bonds are issued, how much can Tamarisk expect to receive for the sale of these bonds? Of the variables listed, choose the variable being calculated? Fill in the remaining variables in the table that follows. (Round rate to 1 decimal place, eg.7.2%) Variable Present value Future value Financial Calculator or Tables PV FV Excel PV ? FV $ 1 Rate % Interest rate Amount of annuity payment Number of periods PMT PMT $ N Nper Calculate the amount Tamarisk will receive when the bonds are issued. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to 2 decimal places, e.g. 5,275.26.) To calculate, use 1. 2. 3. PV.A2 and PV.A4 tables Afinancial calculator, or Excel function PV. Tamarisk expects to receive