Question: Can someone explain how to solve this with the formula The MerryWeather Firm wants to raise $10 million to expand its business. To accomplish this,

Can someone explain how to solve this with the formula

Can someone explain how to solve this with the formula The

The MerryWeather Firm wants to raise $10 million to expand its business. To accomplish this, it plans to sell 30-year, S1,000 face value zero-coupon bonds. The bonds will be priced to yield 6%. What is the minimum number of bonds it must sell to raise the $10 million it needs? 4

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