17. On April 1, 2020, the Lucky Company purchased a bulldozer. Future payment, totaling $70,000, is not due until April 1, 2022. Assuming interest at a 12% anmual rate, Lucky should debit Machinery on April 1, 2020, in the amount of a. 570,000 b. $62,500 c. $61,600 d. $55,804 18. The market (issuing) price of a $1,000,000, ten-year, 12% (pays interest semianmually) bond issue sold to yield an effective rate of 10% is a. $1,122,890 b. $1,124,623 c. $1,133,270. d. 91,872,360