Please answer with explaination! Will give thumbs up! Sandhill Inc. issues $2,400,000...
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Sandhill Inc. issues $2,400,000 of 7% bonds due in 12 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 11%. Click here to view factor tables What amount will Sandhill 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 Sandhill when bonds were issued
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