Present value of

$1.00

\ Present value of an Annuity of $1.00.\ 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)?

Present value of an Annuity of $1.00. 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)? Present value of an Annuity of $1.00. 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)