Question
A company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2021. The bonds had a face value of $200,000. What is
A company received proceeds of $188,000 on 10-year, 6% bonds issued on January 1, 2021. The bonds had a face value of $200,000. What is the amount of interest the company must pay the bondholders on December 31, 2021?
- $11,200
- $12,000
- $13,200
- $10,800
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
