Dollar totals are a summarization of the dollar value of items in the batch.
Indicate whether the statement is true or false
Question 2
On January 1, 2011, Nadir Company issued 1,000,000 of 6, 20-year bonds when the market rate of interest was 5. The bonds pay interest annually on December 31. To calculate the amount of cash that Nadir received, you must find ________.
A) only the present value of 1,000,000
B) only the present value of an annuity of 60,000
C) both the present value of 1,000,000 and the present value of an annuity of 50,000
D) both the present value of 1,000,000 and the present value of an annuity of 60,000
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