Crane Company issues $24000000, 4%, 5-year bonds dated January 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 3%. What are the proceeds from the bond issue? 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 1.5% 0.92826 0.861671 4.78264 9.22218 2.0% 0.90573 0.82035 4.71346 8.98259 3% 0.86261 0.74409 4.57971 8.53020 4% 0.82193 0.67556 4.45182 8.11090 $25095151 $24000000 $25099221 $25106726