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Issued a $2,000,000 Bond at face rate of 7% when market rate = 5%. Bond is a 5-year term paid semi-annually on 6/30 and 12/31.
Issued a $2,000,000 Bond at face rate of 7% when market rate = 5%. Bond is a 5-year term paid semi-annually on 6/30 and 12/31.
1,Need to calculate the Bond Value to perform this entry.
2,Complete the first three rows of an amortization schedule (Payment of 1st semi-annual bond payment in cash, $70,000.)
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