Marigold Corp. issues $5060000, 5%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 4%. What are the proceeds from the bond issue?

ff2.0%2.5%4%5%Present value of a single sum for 5 periods0.905730.883850.821930.78353Present value of a single sum for 10 periods0.820350.781200.675560.61391Present value of an annuity for 5 periods4.713464.645834.451824.32948Present value of an annuity for 10 periods8.982598.752068.110907.72173

$5285769

$5287269

$5060000

$5284954