Final answer:
To compute the present value of bonds worth $43,768,920, we would need to know the specific payment structure and interest rates. Without this information, a general principle can be applied that for a bond issued at the same interest rate as the discount rate, its present value can be equal to its face value, assuming no change in rates.
Step-by-step explanation:
To compute the price of $43,768,920 received for the bonds using the present value tables, we need to apply the present value formula to each future payment. If the bonds are similar to the example used in the prompt, where a $3,000 bond issued at an 8% interest rate has its present value directly equal to its face value of $3,000, then the present value calculations are straightforward provided the interest rates have not changed.
In the simple two-year bond example, the $3,000 bond pays $240 in interest after the first year (which is $3,000 × 8%) and an additional $240 in interest plus the $3,000 principal at the end of the second year. The present value of each payment would be calculated and summed up to determine the total present value of the bond at an 8% discount rate. If the bonds in question follow a similar structure, and the discount rate is 8%, simply taking the face amount would be sufficient to find the present value. However, without specific details about the timing of payments and the terms of the bonds in question, we cannot provide an exact present value calculation.