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I NEED HELP :(((( On January 1, 2017, Zootopia company issued eight-year bonds with a face value of P2,000,000 and a stated interest rate of
I NEED HELP :((((
On January 1, 2017, Zootopia company issued eight-year bonds with a face value of P2,000,000 and a stated interest rate of 6% payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6% 0.627 Present value of 1 for 8 periods at 8% 0.540 Present value of 1 for 10 periods at 3% 0.623 Present value of 1 for 10 periods at 4% 0.534 Present value of annuity of 1 for 8 periods at 6% 6.210 Present value of annuity of 1 for 8 periods at 8% 5.747 Present value of annuity of 1 for 10 periods at 3% 12.561 Present value of annuity of 1 for 10 periods at 4% 11.652 V The present value of the bonds payable isStep by Step Solution
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