1.Ivanhoe Enterprises issued 8%, 9-year, $2,610,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate for such bonds on April 1, 2022, is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Ivanhoe receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.)

Cash proceeds from issuance of the bonds

2. Sandhill Railroad Co. is about to issue $252,000 of 7-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) In this case, how much can Sandhill expect to receive from the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)

Sandhill can expect to receive

$enter a dollar amount rounded to 0 decimal places

3.

Oriole Railroad Co. is about to issue $274,000 of 8-year bonds paying an 10% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Oriole expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.)

Oriole can expect to receive

$enter a dollar amount rounded to 0 decimal places

4. Sandhill Company is considering investing in an annuity contract that will return $35,000 annually at the end of each year for 17 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Sandhill Company pay for this investment if it earns an 10% return? (Round answer to 2 decimal places, e.g. 25.25.)

Sandhill Company should pay

$enter a dollar amount rounded to 2 decimal places

5. Sheridan Company is considering an investment that will return a lump sum of $760,000 6 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Sheridan Company pay for this investment to earn an 8% return? (Round answer to 2 decimal places, e.g. 25.25.)

Sheridan Company should pay

$enter a dollar amount rounded to 2 decimal places

6.

Edward and Ruth Garfield invested $6,800 in a savings account paying 5% annual interest when their daughter, Sharon, was born. They also deposited $1,500 on each of her birthdays until she was 14 (including her 14th birthday). Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much was in the savings account on her 14th birthday (after the last deposit)? (Round answer to 2 decimal places, e.g. 25.25.)

Amount on 14th birthday

$enter a dollar amount rounded to 2 decimal places