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a) Indicate which interest tables you referred to (i.e., Tables 1, 2, 3, 4) b) Indicate which of the following formulas you used to
a) Indicate which interest tables you referred to (i.e., Tables 1, 2, 3, 4) b) Indicate which of the following formulas you used to solve this problem: 1) FV = S x F(i,n) 2) PV = S x F(i,n) 3) FVA = 1 x F(i,n) 4) PVA = I x F(i,n) c) Show your calculations. Again, you must have two time value of money calculations that you will add together to determine the selling price of the bonds. Marty Inc. manufactures cycling equipment. Recently the vice president of operations of the company has requested construction of a new plant to meet the increasing demand for the company's bikes. After a careful evaluation of the request, the board of directors has decided to raise funds for the new plant by issuing $5,000,000 of 8% 12-year corporate bonds on March 1st of the current year. Interest is payable every six months, with the first interest payment occurring on September 1st of the current year. At the time of the bond issuance, the market interest rate for similar financial instruments is 6%
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