Answer:
Answer is given below.
Explanation:
Solution 1:
Chart Values are based on:      
n= (15 Years*2)	30	Half years
i= (7%/2)	3.50%	Semi annual
Cash Flow	Table Value	*	Amount	=	Present Value
Principal	0.356278	*	$7,90,000	=	$2,81,460
Interest (Annuity) [$790,000*7%*6/12]	18.392045	*	$27,650	=	$5,08,540
Price of Bonds  $7,90,000
Bond Amortization Schedule
Date	Cash interest	Interest Expense	Chanage in Carrying Value	Carrying value
01-Jan-21    $7,90,000
30-Jun-21	$27,650	$27,650	$0	$7,90,000
31-Dec-21	$27,650	$27,650	$0	$7,90,000
Solution 2:
Chart Values are based on:      
n= (15 Years*2)	30	Half years
i= (8%/2)	4.00%	Semi annual
Cash Flow	Table Value	*	Amount	=	Present Value
Principal	0.308319	*	$7,90,000	=	$2,43,572
Interest (Annuity) [$790,000*7%*6/12]	17.292033	*	$27,650	=	$4,78,125
Price of Bonds  $7,21,696
Bond Amortization Schedule
Date	Cash interest	Interest Expense	Change in Carrying Value	Carrying value
01-Jan-21    $7,21,696
30-Jun-21	$27,650	$28,868	$1,218	$7,22,914
31-Dec-21	$27,650	$28,917	$1,267	$7,24,181
Solution 3:
Chart Values are based on:      
n= (15 Years*2)	30	Half years
i= (6%/2)	3.00%	Semi annual
Cash Flow	Table Value	*	Amount	=	Present Value
Principal	0.411987	*	$7,90,000	=	$3,25,470
Interest (Annuity) [$790,000*7%*6/12]	19.600441	*	$27,650	=	$5,41,952
Price of Bonds  $8,67,422
Bond Amortization Schedule
Date	Cash interest	Interest Expense	Change in Carrying Value	Carrying value
01-Jan-21    $8,67,422
30-Jun-21	$27,650	$26,023	-$1,627	$8,65,794
31-Dec-21	$27,650	$25,974	-$1,676	$8,64,118