Use the Following Information for Questions

question 31

Multiple Choice

Use the following information for questions.
On January 1, 2017, Satin Corp.issued eight-year, 6% bonds with a face value of $500,000, with interest payable semi-annually on June 30 and December 31.The bonds were sold to yield 8%.Table values are:
-The present value of the interest is

• A)$172,410.
• B)$174,780.
• C)$186,300.
• D)$188,415.

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