Question: Hi, I have a question and I need help with it. Canter Corp. purchased TEN $1,000 4% bonds of EnergyEnergy Corporation when the market rate

Hi, I have a question and I need help with it.

"Canter Corp. purchased TEN $1,000 4% bonds of EnergyEnergy Corporation when the market rate of interest was 10%. Interest is paid semiannually, and the bonds will mature in nine years.Using the PV function in Excel Superscript Excel, compute the price CanterCanter paid (the present value) for the bond investment. (Assume that all payments of interest and principal occur at the end of the period. Round your answer to the nearest cent.)

-The question is

Canter paid $ jQuery22408788234999478137_1575846242596?? on the bond investment.

the number I Got is 10,698.78. Am I right????

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