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mention the values of P/Y, C/Y, N I/Y, PV and FV and PMT according to calculator please A city has financed a local project with
mention the values of P/Y, C/Y, N I/Y, PV and FV and PMT according to calculator please
A city has financed a local project with a $700,000 bond issue with a coupon rate of 2% compounded semi-annually. The bonds are redeemable in 10 years. At the same time, a sinking fund earning interest at 3.2% compounded semi-annually is established to accumulate the full $700,000 when the bonds mature in 10 years. 1. Find the periodic expense of the debt. 2. Find the book value of the debt after 7 years. 3. Construct the sinking fund schedule for the 9th year. Paragraph B 1 U 1. Find the periodic expense of the debt. PMT Setting NStep by Step Solution
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