Key West Surfboards is issuing $ 260,000 worth of their bonds today. The bonds have a 5-year term and
an interest rate of 4% equal to that of the market.
Instructions
Calculate the sales price of these bonds.

Question

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The Answer of Key West Surfboards is issuing $ 260,000 worth of their bonds today. The bonds have a 5-year term and
an interest rate of 4% equal to that of the market.
Instructions
Calculate the sales price of these bonds.

Key West Surfboards Is Issuing $ 260,000 Worth of Their