On January $1,2024,$ Lakeside Amusement Park issues $$840,000$ of $6\%$ bonds, due in $20$ years, with interest payable semiannually on

June $30$ and December $31$ each year.

Assume that the market interest rate is $6\%$ and the bonds issue at face amount.

Required:

$1$a$.$ Calculate the issue price of a bond.

$1$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Assume that the market interest rate is $7\%$ and the bonds issue at a discount.

$2$a$.$ Calculate the issue price of a bond.

$2$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Assume that the market interest rate is $5\%$ and the bonds issue at a premium.

$3$a$.$ Calculate the issue price of a bond.

$3$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

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Calculate the issue price of a bond.On January $1,2024,$ Lakeside Amusement Park issues $$840,000$ of $6\%$ bonds, due in $20$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assume that the market interest rate is $6\%$ and the bonds issue at face amount.

Required:

$1$a$.$ Calculate the issue price of a bond.

$1$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Assume that the market interest rate is $7\%$ and the bonds issue at a discount.

$2$a$.$ Calculate the issue price of a bond.

$2$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Assume that the market interest rate is $5\%$ and the bonds issue at a premium.

$3$a$.$ Calculate the issue price of a bond.

$3$b$.$ Complete the first three rows of an amortization schedule. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$