Question: USE THE PV Factor Tables (located in Module 8 in Canvas) or the Tl Ball Plus Financial Calculator to answer the following questions relating to
USE THE PV Factor Tables (located in Module 8 in Canvas) or the Tl Ball Plus Financial Calculator to answer the following questions relating to the time value of money. Use the following to answer questions 1-3 (Round answers to the nearest dollar) BA Corp issues 5.0%, 5-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5.2%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET. 1. $ How much will be paid in interest $ (rounded to nearest dollar). What is the present value of the interest payments 3. S _(rounded to nearest dollar). sue price of the bond
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