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need some help with this homework!! thanks! Ardvark company wants to finance a new business venture into guided trips in Yellowstone; Adititionally, the company wants
need some help with this homework!! thanks!
Ardvark company wants to finance a new business venture into guided trips in Yellowstone; Adititionally, the company wants to add another building on their tand to offer more services for local custorncrs. Ardvark plans to raise the capital by issuang $210,000 of 7.5%, six -year bonds on laraary 2,7020 . The bonds pry interest semiannually on lune 30 and December 31. The market rate is sh. The company receives $208,476 when the bonds are issued. The company also issues a mortgage payable for 5450,000 on Janaary 2,2020 . The proceeds from the mortgage will be used to construct the new building. The mortgage requares annual pryments of $45,000 plus interest for ten years. parable on December 31. The mortgage interest rate is 8 ?s. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ REQUIREMENT 3} \\ \hline Date & \multicolumn{1}{|c|}{ Interest Expense } \\ \hline Jun. 30 & \\ \hline Dec. 31 & \\ \hline Dec. 31 & \\ \hline Totals & $ \\ \hline \end{tabular} Step by Step Solution
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