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On January 1, 2019, Becker Company issued eight-year bonds with a face value of $2,000,000...

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On January 1, 2019, Becker Company issued eight-year bonds with a face value of $2,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Use the following tables: Present value of 1 for 8 periods at 6%...... .627 Present value of 1 for 8 periods at 8%.. -540 Present value of 1 for 16 periods at 3%........ .623 Present value of 1 for 16 periods at 4%... -534 Present value of annuity for 8 periods at 6%... 6.210 Present value of annuity for 8 periods at 8%.. 5-747 Present value of annuity for 16 periods at 3%............... 12.561 Present value of annuity for 16 periods at 4%..... 11.652 The present value of the principal is (no dollar sign or commas)

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