A $900, 000, ten-year, 12% bond issue was sold to yield 10%.Interest was payable annually.Actuarial information for ten periods follows: $\begin{array}{lll}
&10\%&12\%\
\text { Present value of } 1 &0.38554& 0.32197 \
\text { Present value of } \text { anmuity of } 1 & 6.14457 & 5.65022
\end{array}$ How much cash was received when the bonds were issued?

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The Answer of A $900, 000, ten-year, 12% bond issue was sold to yield 10%.Interest was payable annually.Actuarial information for ten periods follows: $\begin{array}{lll}
&10\%&12\%\
\text { Present value of } 1 &0.38554& 0.32197 \
\text { Present value of } \text { anmuity of } 1 & 6.14457 & 5.65022
\end{array}$ How much cash was received when the bonds were issued?

A $900, 000, Ten-Year, 12% Bond Issue Was Sold to Yield