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please answer all questions, will leave a like. thank you. Sandhill Enterprises issued 8%, 8-year, $2,600,000 bonds that pay interest annually on April 1. The
please answer all questions, will leave a like. thank you.
Sandhill Enterprises issued 8%, 8-year, $2,600,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate for such bonds on April 1, 2022, is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Sandhill receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $ If Cullumber Mooney invests $7.175.96 now and she will receive $22.000 at the end of 13 years, what annual rate of interest will Cullumber earn on her investment? (Hint: Use Table 3.) (Round answer to 0 decimal places, e.g. 25%.) Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Annual rate of interest % Crane Googal owns a garage and is contemplating purchasing a tire retreading machine for $15,820. After estimating costs and revenues, Crane projects a net cash inflow from the retreading machine of $3,700 annually for 6 years. Crane hopes to earn a return of 8% on such investments. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the retreading operation? (Round answer to 2 decimal places, e.g. 25.25.) Present value $ Should Crane Googal purchase the retreading machine? Crane Googal purchase the retreading machine Step by Step Solution
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