How much should an investor pay for a bond that returns $10,000 at the end of five years if market interest rates are 4%?

Name: How much should an investor pay for a bond that returns $10,000 at the end of five years if market interest rates are 4%?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price = 11ea7fdb_fbfc_69db_a768_a7be1c35da35_TB2902_11 Price = 11ea7fdb_fbfc_69dc_a768_df796f43bb55_TB2902_11 = $8,219.27
Using a financial calculator:
N = 5, I/Y = 4, PMT = 0, FV = 10,000, CPT PV = $8,219.27

How Much Should an Investor Pay for a Bond That