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On January 1 , 2 0 2 4 , Sandhill Co . issued eight - year bonds with a face value of $ 5 9

On January 1,2024, Sandhill Co. issued eight-year bonds with a face value of $5990000 and a stated interest rate of 10%, payable
semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:
Present value of 1 for 8 periods at 10%
Present value of 1 for 8 periods at 12%
Present value of 1 for 16 periods at 5%
Present value of 1 for 16 periods at 6%
Present value of annuity for 8 periods at 10%
Present value of annuity for 8 periods at 12%
Present value of annuity for 16 periods at 5%
Present value of annuity for 16 periods at 6%
0.46651
0.40388
0.45811
0.39365
5.33493
4.96764
10.83777
10.10590
The present value of the principal is
$2794395.
$2744079.
$2419241.
$2357964.
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