Question
a company issues $25,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds
a company issues $25,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24,505,180. What is interest expense for 2021, using straight-line amortization?
Group of answer choices
$1,950,000
$1,974,741
$1,961,490
$1,925,260
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Quality Auditing In Construction Projects
Authors: Abdul Razzak Rumane
1st Edition
1032570245, 978-1032570242
