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10.6 please solve Future Value of Annuty of $1 Required information [The following information applies to the questions displayed below.] PowerTap Utilities is planning to
10.6 please solve
Future Value of Annuty of $1 Required information [The following information applies to the questions displayed below.] PowerTap Utilities is planning to issue bond: a face value of $1,800,000 and a coupon rate of 7 percent. The bonds mature in 15 years and pay interest semiannually every June 30 and December 31 . All of the bonds were sold on January 1 of this year. PowerTap uses the effective-interest amortization method. Assume an annual market rate of interest of 8 percent. (EV of \$1. PV of \$1. EVA of \$1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. 3. What amount of cash should be paid to investors June 30 and December 31 of this year? Future Value of $1 Future Value of 51 Step by Step Solution
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