Question: - (-70 Points] DETAILS WANEFM7 2.R.026. MY NOTES ASK YOUR TEACHER How much would you pay for a $16,000, 5-year, 5% bond if you want

- (-70 Points] DETAILS WANEFM7 2.R.026. MY NOTES ASK YOUR TEACHER How much would you pay for a $16,000, 5-year, 5% bond if you want a return of 4%? (Assume that the bond pays interest every 6 months. Round your answer to the nearest cent.) $ Need Hoin

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