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Con- Cindy Medavoy will invest $6.420 a year for 26 years in a fund that will earn 8% annual interest. Click here to view factor
Con- Cindy Medavoy will invest $6.420 a year for 26 years in a fund that will earn 8% annual interest. Click here to view factor tables If the first payment into the fund occurs today, what amount will be in the fund in 26 years? If the first payment occurs at year-end, what amount will be in the fund in 26 years? (Round factor values to 5 decimal places. c. 1.25124 and final answers to decimal places... 458581 Support First payment today First payment at year-end S e Textbook and Media Attempts unlimited me Save for Later View Policies Current Attempt in Progress and el Con Ayayai Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $3,078,200 of 12% term corporate bonds on March 1, 2020, due on March 1, 2035, with interest payable each March 1 and September 1, with the first interest payment on September 1st, 2020. At the time of issuance, the market interest rate for similar financial instruments is 10%. Click here to view factor tables ons 1.25124 and finanswer too As the controller of the company, determine the selling price of the bonds. (Round factor values to 5 decimal places decimal places, es 458,581.) 5 Support Selling price of the bonds $ e Textbook and Media Save for Later Your rade has been recorded in the Gradebook Wed Mar 18 2020 12 31 56 Chico
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