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On January 1 , 2 0 2 4 , Coney Island Entertainment issues $ 1 , 6 0 0 , 0 0 0 of 7
On January Coney Island Entertainment issues $ of bonds, due in years, with interest payable semiannually on June and December each year.
Assume that the market interest rate is and the bonds issue at a premium.
a Calculate the issue price of a bond.
b Complete the first three rows of an amortization schedule. FV of $ PV of $ FVA of $ and PVA of $
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