Please help with excel cell formulas because the answers are only excepted with formulas, not just numbers.

es 15 16 Annual Interest Payment: 17 PV of Face Value: 18 + PV of Interest Payments: 19 = Bond Selling Price: 20 21 b) Market Interest Rate: 5.5% 22 23 Annual Interest Payment: 24 PV of Face Value: 25 + PV of Interest Payments: 26 = Bond Selling Price: 27 28 2. Use the Excel IF function to answer either "Premium" or "Discount" to the following items. 29 30 The bond in (a) sold at a: 31 32 The bond in (b) sold at a: 33 B 4 D E 1 On January 1, Ruiz Company issued bonds as follows: 2 3 Face Value: $ 500,000 Number of Years: 30 5 Stated Interest Rate: 7% 6 Interest payments per year 1 7 (Note: the bonds pay interest annually.) 8 9 Required: 101) Calculate the bond selling price given the two market interest rates below. 11 Use formulas that reference data from this worksheet and from the appropriate future or 12 present value tables (found by clicking the tabs at the bottom of this worksheet). 13 Note: Rounding is not required. 14 a) Market Interest Rate: 9% 15 16 Annual Interest Payment: 17 PV of Face Value: 18 + PV of Interest Payments: = Bond Selling Price: 20 21 b) Market Interest Rate: 5.5% 22 19