Question: Downing Company issues $5,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. The bonds pay interest semiannually on June 30 and December

Downing Company issues $5,000,000, 6%, 5-year bonds dated January 1, 2015 on January 1, 2015. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 596. What are the proceeds from the bond issue? 2.59 3.09 50 6.0 -88389 86261 78353 Present value of a single sum fors periods 78120 Present value ola -74409 61391 for 10 4645 4.597 value of a single sum for 5 periods -78120 .74409 61391 55839 Present value of a single sum for 10 periods 4,64583 4.57971 4.21236 4.32948 Present value of an annuity for 5 periods 8.75206 8.53020 7872173 736009 Present value of an annuity for 10 periods IRIAM

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