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Present value of $1.00 4% 5% 6% 5 periods 0.8219 0.7835 0.7473 10 periods 0.6756 0.6139 0.5584 Present value of an Annuity of $1.00.
Present value of $1.00 4% 5% 6% 5 periods 0.8219 0.7835 0.7473 10 periods 0.6756 0.6139 0.5584 Present value of an Annuity of $1.00. 4% 5% 6% 5 periods 4.4518 4.3295 4.2124 10 periods 8.1109 7.7217 7.3601 On January 1, 2014, Hartley Company issued $100,000 of its 10 year bonds payable to generate cash for expansion. The bonds will retire in 10 years, and have a stated rate of 5 percent. Interest will be paid annually each December 31, starting December 31, 2014. The market rate is 4%, what amount of cash would Hartley receive at issue (round to nearest whole dollar)?
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