Question: View Policies Current Attempt in Progress Eckert Company issues $10,000,000, 6%,5-year bonds dated July 1, 2017 on July 1, 2017. The bonds pay interest semiannually

View Policies Current Attempt in Progress Eckert Company issues $10,000,000, 6%,5-year bonds dated July 1, 2017 on July 1, 2017. The bonds pay interest semiannually on December 31 and June 30. The bonds are issued to yield 5% What are the proceeds from the bond issue? 2.5% 3.0% 5.0% 6.0% 0.86261 0.88385 0.78353 0.74726 Present value of a single sum for 5 periods 0.78120 0.74409 0.61391 0.55639 Present value of a single sum for 10 periods 4.57971 4.32948 4.21236 Present value of an annuity for 5 periods 4.64583 Present value of an annulty for 10 8.75206 periods 8.53020 7.72173 7.36009 $10,432,988 $10.434,616 $10,437,610 $10,000,000

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