I want to see a methodical approach to the solution. That is, use bullets, or something to indicate or explain what you're doing in every step. Draw cash flow diagrams. Make your final answers clear.

Serial Bond Issue Retirement Schedule Cumulative Annual Balance at Interest on Value of Bonds Bonds Balance of Year Stort of Year Balance Redeemed Redeemed Cost 3 n-1 4 /Bond value Total issue (AP) n-1+6.3 4 2 (n-1 4 (n-1 1 000 400 S8000 B 2331 800 E $8,400 $336 $900 9 $1.233 PSD5 6 35 500 220 SI00001 10 S60 $2,400 $97 Totals 52 352 10,000 100 352 Rounded down to nearest $100 increment. $10,000 Total issue 0.04 Quantity of issue 100 $100 Bond value Term ot bonds 10 years AC $10,000 x ((AP) 4%, 10] (10,000)(0.1233) $1,233