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Calculations Marketing Inc. issued 1 1 . 0 % bonds with a par value of $ 5 4 0 , 0 0 0 and a
Calculations Marketing Inc. issued bonds with a par value of $ and a fiveyear life on January for $ The bonds pay interest on June and December The market interest rate was on the original issue date. Use TABLE A and TABLE AUse appropriate factors from the tables provided. Use the original market interest rate to calculate the present value of the remaining cash flows for these bonds as of December Compare your answer with the amount shown on the amortization table as the balance for that date. answer this question. thanks
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