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HwC - Due 12/11 Saved Hel Spiller Corporation plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30
HwC - Due 12/11 Saved Hel Spiller Corporation plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue? Table Values are Based on: n = 30 j= 4% Cash Flow Amount Present Value Table Value 0.3083 $ 500.000 S 154,150 Present (maturity) value Interest (annuity) Total cash proceeds 17.2920 $ a
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