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Skysong Company purchased a machine at a price of $100,300 by signing a note payable, which requires a single payment of $136,457 in 4 years.

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Skysong Company purchased a machine at a price of $100,300 by signing a note payable, which requires a single payment of $136,457 in 4 years. (a) Assuming annual compounding of interest, what rate of interest is being paid on the loan? Use either a financial calculator or the Excel function Rate to calculate the rate. (Round answer to 0 decimal places, e.g. 52\%.) Rate of interest % Question 7 of 7> View Policies Current Attempt in Progress Wildhorse Railroad Co. is about to issue $110,000 of 8 -year bonds that pay a 6.00% annual interest rate, with interest payable semiannually. The market interest rate is 8%. How much can Wildhorse expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Expectation from sale of bonds $ Skysong Company purchased a machine at a price of $100,300 by signing a note payable, which requires a single payment of $136,457 in 4 years. (a) Assuming annual compounding of interest, what rate of interest is being paid on the loan? Use either a financial calculator or the Excel function Rate to calculate the rate. (Round answer to 0 decimal places, e.g. 52\%.) Rate of interest % Question 7 of 7> View Policies Current Attempt in Progress Wildhorse Railroad Co. is about to issue $110,000 of 8 -year bonds that pay a 6.00% annual interest rate, with interest payable semiannually. The market interest rate is 8%. How much can Wildhorse expect to receive for the sale of these bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, e.g. 5,275.25.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Expectation from sale of bonds $

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