current Attmt rokes On January 1, 2020. Cotton Corp. issued eight year, 3% bonds with a face value of $600,000, with interest payable semi-annually on June 30 and December 31. The bonds were sold to yield 4%. Table values are: Present value of 1 for 8 periods at 3% 789 Present value of 1 for 8 periods at 4% .731 Present value of 1 for 16 periods at 15% .788 Present value of 1 for 16 periods at 2% .728 Present value of annuity for periods at 3% 7020 Present value of annuity for B periods at 2% 7.325 Present value of annuity for 16 periods at 1.5% 14.131 Present value of annuity for 16 periods at 2% 13.578 The present value of the principal is The present value of the principal is O $473,400. O $472,800. O $438,600. O $436,800