Berkeley bank has $400,000 of 6% bunch of bones outstanding. The bones are issued at 1:01 in 2021 and mature and 2041. The bonds have annual interest payments.

Bersey Bank has 1400.000 of odeberture bonds standing. The bonds were issued 101 in 2001 and mature in 2041 The bords have alleres pays Rate 100 Requit. How much cash or Bank oceive when the bonds At the band were derey Bank recovecosho Requirement 2. How much thing wil by Bank pay the bondholders through the many date of the bonds Through a mature of the bonde By Bank will pay thethode casa Requirements. Calculate the difference between your answers to requirements 1 and 2 The difference representa Benkey Bank's forestanse over the life of the bonds The different your nuwurs to requirements 1 and 2 Requirements. Competer tanks wust expense using the straigone amortization method Mutiply the amount by 20. You 20 year tot enould be the same on your answer to requirement , Boney Bank's nest expening the straight amor hon methods Mutyunnerostupne by 20 The 30 years Is your year to the same as your requirement Enter any number in the eas and then co to the