Question: Moving to another question will save this response. Question 4 4 points Save Answer Rainbow Company will issue $360,000 in 5%, 10-year bonds when the

Moving to another question will save this response. Question 4 4 points Save Answer Rainbow Company will issue $360,000 in 5%, 10-year bonds when the market rate of interest is 8%. Interest is paid semiannually. Determine how much cash Rainbow Company will realize from the bond issue. (Do not add dollar sign; do not add comma to your amount; round the answer to the whole number) Present Value of $1 Present Value of Ordinary Annuity of $1 3% 4% 6% Period 8% 3% 4% 6% 8% 0.67556 0.55839 10 0.74409 0.46319 8.11090 7.36009 8.53020 6.71008 20 13.59033 0.31180 0.55368 0.21455 0.45639 9.81815 14.87747 11.46992 Question 4 of 6 >> A Moving to another question will save this response. 30 888 # 3 8 9 & 7 % 5 $ 4 6 Y T I E R H . L F S B N M
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