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What is the present value of 5 years of annual cash receipts of $17,600 at the end of each year that begins two years from
What is the present value of 5 years of annual cash receipts of $17,600 at the end of each year that begins two years from today, assuming a 4% interest rate?
Round answer to the nearest whole dollar. Do not use a negative sign with your answer
Olay Inc. issues $150,000, 8%, 10-year bonds payable on January 1, 2020. Calculate the selling price of the bonds under the following separate assumptions.
- The bonds pay cash interest semiannually ($6,000) and the market rate of interest on similar bonds is 10%
- The bonds pay cash interest semiannually ($6,000) and the market rate of interest on similar bonds is 8%
- The bonds pay cash interest semiannually ($6,000) and the market rate of interest on similar bonds is 6%
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