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OJ 9 marks Answer the following questions: 1- If $15,000 is deposited in a savings account today, what amount will be available three years from

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OJ 9 marks Answer the following questions: 1- If $15,000 is deposited in a savings account today, what amount will be available three years from today if interest rate is 6%? (3 marks) 2- On January 1, 2011, HEBRON Co. issued ten-year bonds with a face value of $100,000 and a stated interest rate of 9%, payable annually December 31. The bonds were sold to yield 6%. (6marks) a) Calculate the issue price of the bonds. b) Prepare the amortization table for 2011 and 2012. c) Prepare the journal entry required On January 1, 2011 and December 31, 2011

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