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Joe is investing $34,079 at the end of each year in a fund that earns 8% interest. Click here to view the factor table. In
Joe is investing $34,079 at the end of each year in a fund that earns 8% interest. Click here to view the factor table. In how many years will the fund be at $250,000? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answer to O decimal places, eg 15.) Years Kids Corner, Inc. issues $5,000,000 of 4% bonds due in 8 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 6%. Click here to view the factor table. What amount will Kids Corner 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, eg. 458,581) Amount received by Kids Corner when bonds were issued> $
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