Question

Please explain each step Compute the price of $79,132,249 received for the bonds by using Table...

Please explain each step

Compute the price of $79,132,249 received for the bonds by using Table 1, Table 2, Table 3 and Table 4. Round to the nearest dollar. Your total may vary slightly from the price given due to rounding differences.

Present value of the face amount $
Present value of the semiannual interest payments
Price received for the bonds
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The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.

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