Question: Current Attempt in Progress X Your answer is incorrect. Carla Vista Railroad Co. is about to issue $314,000 of 8-year bonds paying an 12%

Current Attempt in Progress X Your answer is incorrect. Carla Vista Railroad

Current Attempt in Progress X Your answer is incorrect. Carla Vista Railroad Co. is about to issue $314,000 of 8-year bonds paying an 12% interest rate, with interest payable annually. The discount rate for such securities is 10%. Click here to view the factor ta or table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much can Carla Vista expect to receive for the sale of these bonds? (Round answer to O decimal places, e.g. 2,525.) Carla Vista can expect to receive $ 348,030

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