Finn Corporation issued 600,000 of 8 year, 7% bonds with interest payable semiannually. The effective interest rate was 6%. How much cash did Finn Corporation receive for the bonds? Use upproprite factor(s) from the tables provided. Round dollar amounts to the nereast dollar.

Finn Corporation issued $600,000 of 8-year, 7% bonds with interest payable semiannually. The effective interest rate was 6%. How much cash did Finn Corp. receive for the bonds? Use appropriate factor(s) from the tables provided. Round dollar amounts to the nearest dollar. Present Value-Single Table (PVS tab) Present Value-Annuity Table (PVA tab) Future Value-Single Table (FVS tab) Future Value-Annuity Table (FVA tab) 1. Compute the present value of the bonds. (Round dollar amounts to the nearest dollar.) A. Calculate the amount of the semiannual interest payment on the bonds. (Enter the time factor in decimal form.) Interest Payment Principal Rate Time B. Calculate the present value of the bonds (how much cash you'll get to borrow). Present value of the interest payments: Use Present or Future Value table Single Payment or Annuity Number of interest periods Interest rate per interest period Payment amount Present or Future Value Factor Present value of the face value: Use Present or Future Value table Single Payment or Annuity Number of interest periods Interest rate per interest period Payment amount Present or Future Value Factor Present value (cash value) of the bonds