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Computing Bond Issue Price and Preparing an Amortization Table in Excel On December 31,2021 , Kaplan, Inc., issues $550,000 of 9% bonds that pay interest

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Computing Bond Issue Price and Preparing an Amortization Table in Excel On December 31,2021 , Kaplan, Inc., issues $550,000 of 9% bonds that pay interest semiannually and mature in 10 years (December 31 , 2031). a. Using the Excel PV worksheet function, compute the issue price assuming that the bonds' market rate is 8% per year compounded semiannually. (Refer to Appendix A for illustration.) Round answer to two decimal places. Issue price $ b. Prepare an amortization table in Excel to demonstrate the amortization of the book (carrying) value to the $550,000 maturity value at the end of the 20th semiannual period. (Refer to Appendix A for illustration.) The amortization schedule can be completed using the following Excel template: Amortization Schedule Using the figures from the amortization schedule created in Excel, complete the amortization schedule below for 2022: Enter answers using two decimal places

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