issued bonds amout received

View Policies Show Attempt History Current Attempt in Progress Grouper Inc. issues $2,500,000 of 7% bonds due in 15 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Grouper receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to decimal places, eg. 458,581.) Amount received by Grouper when bonds were issued $