Brief Exercise 6-15 Pharoah Inc. issues $3,700,000 of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 9%. Click here to view factor tables What amount will Pharoah receive when it issues the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to I decimal places, e.g. 458,581.) Amount received by Pharoah when bonds were issued Click if you would like to show Work for this question: Open Show Work