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Rainbow Company will issue $100,000 in 4%, 10-year bonds when the market rate of interest is 6%. Interest is paid semiannually. Determine how much cash

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Rainbow Company will issue $100,000 in 4%, 10-year bonds when the market rate of interest is 6%. Interest is paid semiannually. Determine how much cash Rainbow Company will realize from the bond issue. (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) Present Value of $1 Present Value of Ordinary Annuity of $1 Period 3% 4% 6% 8% 3% 4% 6% 8% 10 0.74409 0.67556 0.55839 0.46319 8.53020 8.11090 7.36009 6.71008 20 0.55368 0.45639 0.31180 0.21455 14.87747 13.59033 11.46992 9.81815

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