Brief Exercise G-13

Wildhorse Co. is about to issue $488,000 of 6-year bonds paying an 11% interest rate, with interest payable annually. The discount rate for such securities is 10%.

Need factor table

How much can Wildhorse expect to receive for the sale of these bonds?(Round answer to 0 decimal places, e.g. 2,575.)

Wildhorsecan expect to receive $