Question: i am having trouble with the PV function, its red which states its wrong, could anybody help me? The Lea Andino Company issues 9%,5-year bonds
The Lea Andino Company issues 9%,5-year bonds with a par value of $510,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%. Enter a valid Excel formula or function in each of the yellow cells below. Formulas must refer to cells addresses. Entering a value will be marked as incorrect. What is the amount of each semiannual interest payment? How many semiannual payments of $22,950 will be made in total? Using the PV function, calculate the issue price of the bond. Make sure the formula returns a positive value. See the instructions tab for help on the PV function
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