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A company issues $25500000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . The proceeds from
A company issues $25500000,7.8%,20-year bonds to yield 8% on January 1,2024 . Interest is paid on June 30 and December 31 . The proceeds from the bonds are $24995284. If the straight-line method of amortization is used, what is the carrying value of the bonds on December 31, 2026 after interest has been recorded? (Round intermediate values to 3 decimal places, eg. 22.555.) $25104759$25449402$25070991$25061404
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