1. What is the amount of each semiannual interest payment?
2. How many semiannual payments of $17,150 will be made in total?
3. Using the PV function, calculate the issue price of the bond. Make sure the formula returns a positive value.

A B D E F G H I Name: Jakob Hammack Your score this tab: 0% The Jakob Hammack Company issues 7%,3-year bonds with a par value of $490,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cells addresses. Entering a value will be marked as incorrect. Par Value Term (years) Annual market \% Annual contract \% Payments per year What is the amount of each semiannual interest payment? Complete the amortization schedule for these bonds