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On dinary 1, 2019, Morites Company houe its P10,000,000 face amount, 10% bonch to yield 8% per year. The bonds mature on January 1, 2024
On dinary 1, 2019, Morites Company houe its P10,000,000 face amount, 10% bonch to yield 8% per year. The bonds mature on January 1, 2024 and pay interest semiannually on June 30 and December 31. The relevant present value factors are as follows: Present value of 1 at % for 10 periodu 0.6756 Present value for an ordinary annuity at 4% tor 10 periods 8.11 06139 Present value of 15 for 10 per och Present value of for an ordinary annuity it 5% for 10 periodo The contine moart of the bond later and to the nearest thousand on January 1, 2018 111 On dinary 1, 2019, Morites Company houe its P10,000,000 face amount, 10% bonch to yield 8% per year. The bonds mature on January 1, 2024 and pay interest semiannually on June 30 and December 31. The relevant present value factors are as follows: Present value of 1 at % for 10 periodu 0.6756 Present value for an ordinary annuity at 4% tor 10 periods 8.11 06139 Present value of 15 for 10 per och Present value of for an ordinary annuity it 5% for 10 periodo The contine moart of the bond later and to the nearest thousand on January 1, 2018 111
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