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On July 1 , 2 0 Y 1 , Livingston Corporation, a wholesaler of manufacturing equipment, issued $ 4 , 8 0 0 , 0
On July Y Livingston Corporation, a wholesaler of manufacturing equipment, issued $ of year, bonds at a market effective interest rate of receiving cash of $ Interest on the bonds is payable semiannually on December and June The fiscal year of the company is the calendar year.
Compute the price of $ received for the bonds by using the Present value at compound interest, and Present value of an annuity. Round your PV values to decimal places and the final answers to the nearest dollar. Your total may vary slightly from the price given due to rounding differences.
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