PLEASE ANSWER IN EXCEL FORMAT ACCORDING TO THE SHEET I PROVIDED. The Sanders Company issued...

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Accounting

PLEASE ANSWER IN EXCEL FORMAT ACCORDING TO THE SHEET I PROVIDED. The Sanders Company issued 9.5% bonds, dated January 1, with a face amount of $8,000,000 on January 1,2024. The bonds mature on December 31,2033(10 years). For bonds of similar risk and maturity, the market yield is 11.0%. Interest is paid semiannually on June 30 and December 31. Sanders uses the effective interest method.
Determine the price of the bonds at January 1,2024 using Excel's PV function.
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