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use the following applicable charts to solve please Crane Railroad Co. is about to issue $280,000 of 9 -year bonds paying an 12% interest rate,
use the following applicable charts to solve please
Crane Railroad Co. is about to issue $280,000 of 9 -year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Crane expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,525.) Crane can expect to receive $ TABLE 1 Future Value of 1 TABLE 2 Future Value of an Annuitv of 1 TABLE 3 Present Value of 1 TABLE 4 Present Value of an Annuity of 1Step by Step Solution
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