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(a) What is the present value of $29,400 due 8 periods from now, discounted at 6%?...

(a) What is the present value of $29,400 due 8 periods from now, discounted at 6%? (Round answer to 2 decimal places, e.g. 25.25.)


(b) What is the present value of $29,400 to be received at the end of each of 12 periods, discounted at 12%? (Round answer to 2 decimal places, e.g. 25.25.)

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Ivanhoe Company is about to issue $298,700 of 6-year bonds paying an 11% interest rate, with interest payable semiannually. The discount rate for such securities is 8%.

Click here to view the factor table.

(For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

How much can Ivanhoe expect to receive for the sale of these bonds? (Round answer to 0 decimal places, e.g. 2,575.)

Ivanhoe can expect to receive

$enter a dollar amount to be recieved for the sale of bonds rounded to 0 decimal places

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