ACC502:01-Accounting for Financial Reporting My SubseriptionsCourses ACCS02.01-Accounting for Financial Reporting Chapter 9 Chapter 9 Homework ASSIGNMENT NAVIGATION QUESTION 2 Partialy correct Mark 1300 out of 15.0lag queston Computing Bond Issue Price and Preparing an Amortization Table in Excel On December 31, 2015, Kaplan, Inc, issues $500,000 of 9% bonds that pay interest semiannually and mature in 10 years(December 31, 2025). a. Using the Excel PV worksheet fuction, compute the issue price assuming that the bonds' market rate is 8 per year compounded semiaally. Refer to Appendix A for illustration.) Round onswer to two decimal places. Finish attempt.. Issue price s533,975.82 b. Prepare an amorti7ation table in Excel to demonstrate the amortization ofte baak cam ng value to the $500 000 maturry value at the ?nd at the 20th semiannual period (Reter to Appendix A for i ustraton.) The amortization schedule can be completed using the following Excel template: Amartization Schedl Using the igures from the amortization schedule created in Excel complete the amortization schedule below for 2016. Enter answers using two dacimal placas. Date Pariod Beginning balance Payment Premium amortization Premium balance Book value 22500 21 359.05V 1209 283185 32.838 231 2500 211339 31,48 Check You have correctly selected 13. Partially correct Marks for this submission: 13.00/15.0D Previous page Next pag Save Answers