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Sheffield Railroad Co. is about to issue $370,000 of 8-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such
Sheffield Railroad Co. is about to issue $370,000 of 8-year bonds paying an 9% interest rate, with interest payable semiannually. The discount rate for such securities is 8%. Click below to view the factor tables. Table 1. Future Value of 1 Table 2. Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Sheffield expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.) Sheffield can expect to receive $ Sunland Taco Company receives a $70,000, 8-year note bearing interest of 5% (paid annually) from a customer at a time when the discount rate is 7%. Click below to view the factor tables. Table 1. Future Value of 1 Table 2. Future Value of an Annuity of 1 Table 3. Present Value of 1 Table 4. Present Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the note received by Sunland? (Round answer to 2 decimal places, e.g. 25.25.) Present value of note received $
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