Question: I am having difficult getting the correct answer on this problem. I would like some instruction on how to solve. Thanks Computing Bond Issue Price

I am having difficult getting the correct answer on this problem. I would like some instruction on how to solve. Thanks

Computing Bond Issue Price

Abbington Inc. issues $420,000 of 9% bonds that pay interest semiannually and mature in 10 years. Compute the bond issue price assuming that the prevailing market rate of interest is:

Note:Round your answer to the nearest whole dollar.

a.8% per year compounded semiannually. $_____

b.10% per year compounded semiannually. $______

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