TB MC Qu. 14-32 (Algo) Roman Destinations issues bonds... Roman Destinations issues bonds due in 15 years with a stated interest rate of 6% and a face value of $490,000. Interest payments are made semi-annually. The market rate for this type of bond is 5%. Calculate the issue price of the bonds. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)

TB MC Qu. 14-32 (Algo) Roman Destinations issues bonds... Roman Destinations issues bonds due in 15 years with a stated interest rate of 6% and a face value of $490,000. Interest payments are made semi-annually. The market rate for this type of bond is 5%. Calculate the issue price of the bonds. Note: Use tables, Excel, or a financial calculator. (FV of $1,PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 )