On January 1, 2020, Pronghorn Corporation purchased 331 of the $1,000 face value, 12%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Pronghorn purchased the bonds to yield 11%. How much did Pronghorn pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Pronghorn must pay for the bonds

$enter a dollar amount should be paid for the bonds

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(c)

Pronghorn Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,610 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Pronghorn record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Cost of the machine to be recorded

$enter cost of the machine to be recorded in dollars

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(d)

Pronghorn Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Pronghorn should pay $21,390 at the time of purchase and $4,780 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Cost of tractor to be recorded

$enter cost of tractor to be recorded in dollars

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(e)

Pronghorn Corporation wants to withdraw $108,620 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

Required initial investment