A $500,000, ten-year, 7% bond issuin was sold to yield 6% interest payable annually. Actuarial information...

 

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A $500,000, ten-year, 7% bond issuin was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows: Present Present vidue of an annuity of 1 Wh 0.50835 7.02359 Refer to Exhibit 14-2. At date of issuance cash received would be O$536,298 05464,383 O$489,903 Os511,778 055839 73000 A $500,000, ten-year, 7% bond issuin was sold to yield 6% interest payable annually. Actuarial information for 10 periods is as follows: Present Present vidue of an annuity of 1 Wh 0.50835 7.02359 Refer to Exhibit 14-2. At date of issuance cash received would be O$536,298 05464,383 O$489,903 Os511,778 055839 73000

Answer rating: 100% (QA)

A 500000 FIT Rte70 Annualy To y... View the full answer