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Bramble Corp. issues $5120000, 7%, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and December

Bramble Corp. issues $5120000, 7%, 5-year bonds dated January 1, 2017 on January 1, 2017. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 6%. What are the proceeds from the bond issue?

ff 3.0% 3.5% 6% 7%
Present value of a single sum for 5 periods

0.86261

0.84197 0.74726 0.71299
Present value of a single sum for 10 periods 0.74409 0.70892 0.55839 0.50835
Present value of an annuity for 5 periods 4.57971 4.51505 4.21236 4.10020
Present value of an annuity for 10 periods 8.53020 8.31661 7.36009 7.02358

a) $5336853

b) $5336038

c) $5338353

d) $5120000

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