193. On January 2, 2014, Provence Corporation wishes to issue €3,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The discount rate is 10%. Using the interest factors below, compute the amount that Provence will receive from the sale of the bonds.

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The Answer of 193. On January 2, 2014, Provence Corporation wishes to issue €3,000,000 (par value) of its 8%, 10-year bonds. The bonds pay interest annually on January 1. The discount rate is 10%. Using the interest factors below, compute the amount that Provence will receive from the sale of the bonds.