Can someone answer this question? Ultimate Butter Popcorn issues 7%, 15-year bon

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Can someone answer this question?

Ultimate Butter Popcorn issues 7%, 15-year bonds with a face amount of $60,000. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually At what price will the bonds issue? (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Bond Characteristics Face amount Interest payment Market interest rate Periods to maturity Issue price Amount S 60,000

Explanation / Answer

Bond characterstics Face amount 60,000 interest payment 2100 market interest rate 4% periods to maturity 30 issue price 54,812 principal 60,000*.30832 18499 interest 2,100*17.29203 36313 total issue price 54812

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