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The APP Store needs to raise $2.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds with

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The APP Store needs to raise $2.2 million for an expansion project. The firm wants to raise this money by selling zero coupon bonds with a par value of $1,000 that mature in20 years. The market yield on similar bonds is 8.8 percent. How many bonds must The App Store sell to raise the money it needs? (Assume semiannual compounding.) *Bonus Point for writing and circling the amount to be paid at redemption. 2, 200 bonds 3, 450 bonds 11, 450 bonds 11, 508 bonds 11, 797 bonds 12, 315 bonds

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