$20$Y$2$ June $30$

$$

$$

Premium on Bonds Payable grad

$$

$$

$$

$3.$ Determine the total interest expense for $20$Y$1.$ Round to the nearest dollar.

$$

$4.$ Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest?

$$

$5.$ Compute the price of $$73,100,469$ received for the bonds by using the Present value at compound interest, and Present value of an annuity. Round your PV values to $5$ decimal places and the final answers to the nearest dollar.

Present value of the face amount

Present value of the semi$-$annual interest payments

Proceeds of bond issue

$\backslash$table$[[$$$,x$