Bonds Payable. 8. Birzeit Company issues $10,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue? MER Present value of a single sum for 5 periods Present value of a single sum for 10 periods Present value of an annuity for 5 periods Present value of an annuity for 10 periods a. $10,000,000 b. $10,432,988 $10,437,618 d. $10,434,616 , 2.5% 3.0% 5.0% 6.0% .88385 .86261 .74726 .74409 .61391 .55839 .78353 4.57971 4.32948 4.21236 78120 4.64583 8.75206 8.53020 7.72173 7.36009 7812000 6 procede 60 10 Mix 0.06 yours +2 1/2 3000.0 x 8.75206