Mike Derr Company expects to earn 12% per year on an investment that will pay...
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Mike Derr Company expects to earn 12% per year on an investment that will pay $616,000 ten years from now. (PV of $1. FV of $1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Compute the present value of this investment. Spiller Corporation plans to issue 10%,9-year, $540,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated January 1 of the current year and are issued on that date. (PV of \$1. FV of S1. PVA of \$1, and FVA of \$1) Note: Use appropriate factor(s) from the tables provided, Round your "Table value" to 4 decimal places and final answers to nearest whole dollar. If the market rate of interest for the bonds is 8% on the date of issue, what will be the total cash proceeds from the bond issue
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