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Can't figure out this last value in excel or on a calculator. Thank you for the help. On January 1, Ozero, Inc. issued a 20-year
Can't figure out this last value in excel or on a calculator. Thank you for the help.
On January 1, Ozero, Inc. issued a 20-year monthly bond with a face value of $1,285,000 that pays 4.0% interest. On the date of issue, the market for similar bonds was 5.0%. How much was Ozero able to raise from issuing this bond? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: \% 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute the amount that Ozero was able to raise by issuing this bond. Time Value of Monev (TVM) FrameworkStep by Step Solution
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