Prompt: Please only solve this problem using excel inputs, do not provide raw mathematical calculations Please just provide step by step excel operations I.e. step 1, step 2, step 3, each having excel inputs Please provide a definitive excel answer for each step and show the calculated final answer Prompt: What are the answers to these inputs for these questions table {mso-displayed-decimal-separator:"\."; mso-displayed-thousand-separator:"\,";} tr {mso-height-source:auto;} col {mso-width-source:auto;} td {padding-top:1px; padding-right:1px; padding-left:1px; mso-ignore:padding; color:black; font-size:11.0pt; font-weight:400; font-style:normal; text-decoration:none; font-family:"Aptos Narrow", sans-serif; mso-font-charset:0; text-align:general; vertical-align:bottom; border:none; white-space:nowrap; mso-rotate:0;} .xl56 {font-size:12.0pt; font-weight:700; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0; text-align:left; vertical-align:middle;} .xl59 {font-size:12.0pt; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0;} .xl81 {font-size:12.0pt; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0; text-align:center; vertical-align:middle;} .xl82 {font-size:12.0pt; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0; text-align:right; vertical-align:middle;} .xl107 {font-size:12.0pt; font-weight:700; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0; text-align:center; vertical-align:middle;} .xl109 {font-size:12.0pt; font-weight:700; text-decoration:underline; text-underline-style:single; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0; text-align:center; vertical-align:middle;} .xl112 {font-size:14.0pt; font-weight:700; font-family:"Times New Roman"; mso-generic-font-family:auto; mso-font-charset:0; text-align:left; vertical-align:middle;}

Problem 6-23
SOLUTION
Input
PV
PMT
Annual rate
Number of years
Compounding periods per year
Periodic rate
Nper
=FV(rate,nper,pmt,pv,type)
FV =

Overall question: Assume an organization could issue a zero-coupon bond at an annual interest rate of 4 percent with semiannual compounding for 20 years. If it receives $2,264.45 for the bond, how much would it have to pay at the maturity date?