please show work for question 5

4. You are considering purchasing a bond at the end of this year. The bond's interest payments ($105) are made annually and the bond matures in 20 years. If your required rate of return is 14%, what is the maximum price you would be willing to pay for this investment? 1-1- 1 x 14% - $168.42 5. Using the same information as above, except that your required rate of return is 6%, what is the maximum price you would be willing to pay for this investment? Assume the bond pays interest semiannually