Question: Current Attempt in Progress Your answer is incorrect. Sarasota Inc. issues $3,000,000 of 7% bonds due in 15 years with interest payable at year-end.

Current Attempt in Progress Your answer is incorrect. Sarasota Inc. issues $3,000,000 of 7% bonds due in 15 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 12%. Click here to view factor tables What amount will Sarasota receive when it issues the bonds? (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to O decimal places, e.g. 458,581.) Amount received by Sarasota when bonds were issued $

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