Question: Need help with PV. please show work (formula) done to get answer, thank you. On September 30, 2016, the San Filipo Corporation issued 8% stated

 Need help with PV. please show work (formula) done to get

Need help with PV. please show work (formula) done to get answer, thank you.

On September 30, 2016, the San Filipo Corporation issued 8% stated rate bonds with a face amount of $340 million. The bonds mature on September 30, 2036 (20 years). The market rate of interest for similar bonds was 10%. Interest is paid semiannually on March 31 and September 30. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factorfs) from the tables provided.) Required: Determine the price of the bonds on September 30, 2016. Table values are based on: 40 5% Cash Flow Interest Principal Amount $ 13,600,000 $ 340.,000,000 Present Value Price of bonds

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