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Sunland Corp. issued $445,000 of 10 -year, 5% bonds with interest payable semi-annually. How much did Sunland receive from the sale of these bonds if
Sunland Corp. issued $445,000 of 10 -year, 5% bonds with interest payable semi-annually. How much did Sunland receive from the sale of these bonds if the market interest rate was (a) 4%, (b) 5%, and (c) 6% ? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 5,275.) Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) 4%$ (b) 5%$ (c) 6%$
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