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Posted on Jul 21, 2024

January 1 , 2 0 2 4 , Winter Fog Inc. ( WFI ) issued eight - year, 3 % bonds with a face value

January

1, 2024,

Winter Fog Inc.

(

WFI

)

issued eight

-

year,

3 %

bonds with a face value of $

600, 000 .

Interest is payable semi

-

annually on June

30

and December

31 .

The bonds were sold to a yield of

4 % .

What is the present value of the interest on these bonds?

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