You wish to know the appropriate price for a security that matures in 50 years. The security has a payout of $6,645,032.53, which is paid in one lump sum at maturity. The interest rate associated with this class of security is 8.24% and interest is compounded semiannually. What is the current price of this security?

Cash Flow= 6,645,032.53

R=4.12%

N=100

This class is based on approach non cash flows and adjusting inputs.