Current Attempt in Progress On January 1, 2020, Sheridan Company issued eight-year bonds with a face value of $6080000 and a stated interest rate of 8% payable semiannually on June 30 and December 31. The bonds were sold to yield 10%. Table values are: Present value of 1 for 8 periods at 8% Present value of 1 for 8 periods at 10% Present value of 1 for 16 periods at 4% Present value of 1 for 16 periods at 5% Present value of annuity for 8 periods at 8% Present value of annuity for 8 periods at 10% Present value of annuity for 16 periods at 4% Present value of annuity for 16 periods at 5% 0.540 0.467 0.534 0.458 5.747 5.335 11.652 10.838 The present value of the principalis $2839360 $2784640. $3283200 $3246720 Attempts: 0 of 1 used Submit