bond $[$LO$5-9,5-10]$

On September $30,2024,$ the Techno

Corporation issued $8\%$ stated rate bonds

with a face amount of $$340$ million. The

bonds mature on September $30,2044$

$(20$ years$).$ The market rate of interest for

similar bonds was $10\%.$ Interest is paid

semiannually on March $31$ and September

Required:

Determine the price of the bonds on

September $30,2024.$

Note: Use tables, Excel, or a financial

calculator. Round your final answers to

nearest whole dollar amount, not in

millions. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$

PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$