Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1,2, and 3 Journal entries please explanation 1. What is the present value of a 6%,$100,000 Bond, semi-annual pmts, 10 years, Market rate is 8%
1,2, and 3 Journal entries please explanation
1. What is the present value of a 6%,$100,000 Bond, semi-annual pmts, 10 years, Market rate is 8% per year (4%1/2 year); 20 periods, $3000 payments, $100000 Face value IN EXCEL: 1 step PV (present value) Rate (interest \%) Nper (\# periods) PMT (annuity pmt) FV (Future Value) 1 Rarand th.. 86409=0.08=8912T12=5762=1152 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started