The answer should be $9140.43. Please show the details when solving this problem. Thank you!

Jorge has carefully studied the prospectus for a ten-year $10,000 floating-rate ar-value bond with annual be level at 5.5% for the first five years, then go up by a factor of 1 .04 each year. How much should he be willing to pay for this bond if he wishes a yield rate of at least 7% for the ten-year investment period