Use the present value and future value tables included in Appendix 8 and on the textbook companion website.
- LaFluer Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8 percent. If the market rate of interest at the time the bonds are sold is 10 percent, what will be the issuance price (approximate) of the bonds?

Question

Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
- LaFluer Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8 percent. If the market rate of interest at the time the bonds are sold is 10 percent, what will be the issuance price (approximate) of the bonds?

Quizplus · Accepted Answer

The Answer of Use the present value and future value tables included in Appendix 8 and on the textbook companion website. 
- LaFluer Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8 percent. If the market rate of interest at the time the bonds are sold is 10 percent, what will be the issuance price (approximate) of the bonds?

Use the Present Value and Future Value Tables Included in Appendix