Question: Hello, I need help please. Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds

Hello, I need help please.

Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have a $29,000 par value and an annual contract rate of 8%, and they mature in 10 years. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.)

3. The market rate at the date of issuance is 10%.
(a)

Complete the below table to determine the bonds' issue price on January 1, 2015.

Table values are based on:
n = 20
i = 5.0%
Cash Flow Table Value Amount Present Value
Par (maturity) value 0.3769 $29,000 $10,930
Interest (annuity) 12.4622
Price of bonds

THE ANSWER IS NOT 1450, 145, 2900, 7250

PLEASE SHOW ME THE EQUATION.

Thank you!

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