part 1

Problem 14-5A Calculating the issue price using business calculator PV function LO4 Part 1 On April 1, 2020, ET Inc. has available for issue $391,000 bonds due in four years. Interest at the rate of 5.5% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) On October 1, ET Inc. has available for issue a $324,000 bond due in eight years. Interest at the rate of 5.5% is to be paid semiannually. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to 2 decimal places.)