Solve the Problem $3.7 \%$ (Compounded Semiannually) with a Price Of $\$ 19,975$

Multiple Choice

Solve the problem.
-Find the face value (to the nearest thousand dollars) of the 30 -year zero-coupon bond at $3.7 \%$ (compounded semiannually) with a price of $\$ 19,975$ .

A) $\$ 60,000$
B) $\$ 40,800$
C) $\$ 60,500$
D) $\$ 40,000$