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A $700,000, 20-Year, 8% Bond Issue Was Sold to Yield

Question 144

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A $700,000, 20-year, 8% bond issue was sold to yield 10%. Interest was payable annually. Actuarial information for 20 periods follows: A $700,000, 20-year, 8% bond issue was sold to yield 10%. Interest was payable annually. Actuarial information for 20 periods follows: Required: Compute the amount of cash that was received when the bonds were issued. Required:
Compute the amount of cash that was received when the bonds were issued.

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$580,832, ...

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