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Pearl Inc. issues $2,122,400 of 10% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of

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Pearl Inc. issues $2,122,400 of 10% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11% Click here to view factor tables What amount will Pearl receive when it issues the bonds? (Round factor values to 5 decimal places,e.g. 1.25124 and final answers to 0 decimal places,e.g. 458,581) Amount received by Pearl when bonds were issued g

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