Current Attempt in Progress Sheridan Inc. issues $2,400,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Click here to view factor tables. What amount will Sheridan receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to O decimal places, e.g. 458,581.) Amount received by Sheridan when bonds were issued mare g wengin 2 $ 14134156.83

Sheridan Inc. issues $2,400,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Click here to view factor tables. What amount will Sheridan receive when it issues the bonds? (For colculation purposes, use 5 decimal places as displayed in the foctor table provided and final answer to 0 decimal places, es. 458,581. Amount received by Sheridan when bonds were issued