Question: 1 2 A . On December 3 1 , 2 0 2 5 , when the market interest rate is 1 2 % , Derrick

12A. On December 31,2025, when the market interest rate is 12%, Derrick Corporation issues $260,000 of 10%,8-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance.
Liew the Present Value of $1 table
View the Future Value of $1 table.
View the Present Value of Ordinary Annuity of $1 table.
View the Future Value of Ordinary Annuity of $1 table.
Start by calculating the present value of the principal. (Enter factor amounts to three decimal places, xxxxx.)
Value Factor 1= PV of principal
12A. On December 31,2025, when the market interest rate is 12%,

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