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Sage Inc. issues $2,047,300 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of
Sage Inc. issues $2,047,300 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. Click here to view factor tables What amount will Sage 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 Sage when bonds were issued $
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